M&A Deal Summary

Kemira Acquires Cytec Industries - Water Treatment Business

On October 2, 2006, Kemira acquired chemicals company Cytec Industries - Water Treatment Business from Cytec Industries for 190M EUR

Acquisition Highlights
  • This is Kemira’s 6th transaction in the Chemicals sector.
  • This is Kemira’s largest (disclosed) transaction.
  • This is Kemira’s 1st transaction in the United States.

M&A Deal Summary
Date 2006-10-02
Target Cytec Industries - Water Treatment Business
Sector Chemicals
Buyer(s) Kemira
Sellers(s) Cytec Industries
Deal Type Divestiture
Deal Value 190M EUR

Target

Cytec Industries - Water Treatment Business

United States
Cytec’s water treatment chemicals product line consists of water treatment solutions for industrial and municipal water treatment plants.

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Buyer(S) 1

Buyer

Kemira

Helsinki, Finland
Category Company
Founded 1920
Sector Chemicals
Employees49,690
Revenue 3.4B EUR (2023)
DESCRIPTION

Kemira is a chemical industry group that Consists of three main segments. Kemira's main shareholder is Oras Invest Oy and its owners, members of the Paasikivi family. Kemira was founded in 1920 and is based in Helsinki, Finland.

DEAL STATS #
Overall 6 of 19
Sector (Chemicals) 6 of 13
Type (Divestiture) 3 of 8
Country (United States) 1 of 4
Year (2006) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-07 Finnish Chemicals Oy

Sastamala, Finland

Finnish Chemicals was founded by UPM-Kymmene and Nokia as a joint venture in 1991 by combining the chemical activities of both parent corporations. The Nokia arm of the business was founded as a chlorine producer by ICI and Solvay in 1937 and that of Kymmene was founded at the turn of the century.

Buy €345M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-16 Dalquim Industria e Comercio

Itajai, Brazil

Dalquim Industria e Comercio Ltda. is a manufacturers of aluminum based coagulants in the south of Brazil. Company have two production units. Main customer base is the paper industry and municipalities for potable and wastewater treatment. The company will be targeting the fast expanding paper industry and potable and waste water treatment sector in the Southern states of Brazil.

Buy -

Seller(S) 1

SELLER

Cytec Industries

Woodland Park, New Jersey, United States
Category Company
Founded 1993
Sector Chemicals
Employees4,600
Revenue 2.0B USD (2014)
DESCRIPTION

Cytec Industries Inc., is a specialty materials and chemicals company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastics industries.

DEAL STATS #
Overall 1 of 3
Sector (Chemicals) 1 of 3
Type (Divestiture) 1 of 3
Country (United States) 1 of 2
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-31 Cornerstone Chemical

Waggaman, Louisiana, United States

Cornerstone Chemicals is a producer of a group of high-value intermediate chemicals, including acrylonitrile, melamine, sulfuric acid and diesel exhaust fluid. The company manufactures its products in multiple plants on its owned and highly-integrated 800-acre chemical complex. Cornerstone Chemical was established in 1952 and is headquartered in Waggaman, Louisiana.

Sell $180M
Mergr

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