M&A Deal Summary

Lion Copolymer Holdings Acquires Ashland - Elastomers Business

On October 9, 2014, Lion Copolymer Holdings acquired chemicals company Ashland - Elastomers Business from Ashland

Acquisition Highlights
  • This is Lion Copolymer Holdings’ 1st transaction in the Chemicals sector.
  • This is Lion Copolymer Holdings’ 1st transaction in the United States.
  • This is Lion Copolymer Holdings’ 1st transaction in Texas.

M&A Deal Summary

Date 2014-10-09
Target Ashland - Elastomers Business
Sector Chemicals
Buyer(s) Lion Copolymer Holdings
Sellers(s) Ashland
Deal Type Divestiture

Target

Ashland - Elastomers Business

Port Neches, Texas, United States
Ashland - Elastomers Business which primarily serves the North American replacement tire market.

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Buyer(S) 1

Buyer

Lion Copolymer Holdings

Geismar, Louisiana, United States

Category Company
Founded 2007
Sector Chemicals
DESCRIPTION

Lion Copolymer is a synthetic rubber manufacturer with world-class production facilities in Geismar, Louisiana. Lion Copolymer's ethylene propylene diene monomer (EPDM) products are used in a wide variety of applications that require superior heat, ozone and chemical resistance, excellent long-term aging and outstanding weathering. Applications include automotive weather seals and hoses, industrial and consumer hoses, weather seals, molded goods, wire and cable insulations, window profiles, roof sheeting, thermoplastic elastomers, conveyor belts, seals, footwear, and printing rolls and viscosity modifiers for lubricants.


DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-26 East West Copolymer

Baton Rouge, Louisiana, United States

East West Copolymer LLC is a manufacturer and supplier of synthetic rubber to a broad base of customers across the industrial and tire markets. East West Copolymer is based in Baton Rouge, Louisiana.

Buy -

Seller(S) 1

SELLER

Ashland

Wilmington, Delaware, United States

Category Company
Founded 1924
Sector Chemicals
Employees3,800
Revenue 2.2B USD (2023)
DESCRIPTION

Ashland is a global specialty chemicals company. Ashland has three reportable segments: Specialty Ingredients, Performance Materials, and Valvoline. Specialty Ingredients is a global provider of cellulose ethers, vinyl pyrrolidones, and biofunctionals. Performance Materials is composed of two divisions: Composites and Intermediates/Solvents. Performance Materials is a global provider of unsaturated polyester resins and vinyl ester resins. Ashland was founded in 1924 and is based in Wilmington, Delaware.


DEAL STATS #
Overall 7 of 14
Sector (Chemicals) 5 of 10
Type (Divestiture) 6 of 12
State (Texas) 2 of 2
Country (United States) 7 of 14
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-18 Solenis

Wilmington, Delaware, United States

Solenis is a global manufacturer of specialty chemicals for pulp, paper, oil and gas, chemical processing, mining, biorefining, power, and municipal markets. Solenis was founded in 2014 and is based in Wilmington, Delaware.

Sell $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 OCH International

Portland, Oregon, United States

OCH International, Inc. is a worldwide producer and distributor of premium-branded automotive, commercial and industrial lubricants, and automotive chemicals. which operates and franchises a total of 89 quick-lube stores in six states. OCH is the 14th largest quick-lube network in the United States, servicing approximately 1 million vehicles annually. Founded in 1978, it employs approximately 435 people and currently operates 47 company-owned stores and 42 franchise locations in Oregon (38 sites), Washington (29), California (11), Arizona (five), Idaho (three) and Colorado (three).

Buy -