M&A Deal Summary

Lyondell Chemical Acquires Arco Chemical

On June 19, 1998, Lyondell Chemical acquired chemicals company Arco Chemical for 5.6B USD

Acquisition Highlights
  • This is Lyondell Chemical’s 1st transaction in the Chemicals sector.
  • This is Lyondell Chemical’s largest (disclosed) transaction.
  • This is Lyondell Chemical’s 1st transaction in the United States.
  • This is Lyondell Chemical’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 1998-06-19
Target Arco Chemical
Sector Chemicals
Buyer(s) Lyondell Chemical
Deal Type Add-on Acquisition
Deal Value 5.6B USD

Target

Arco Chemical

Newtown Square, Pennsylvania, United States
Arco Chemical Co. is a manufacturer and marketer of propylene oxide.

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Buyer(S) 1

Buyer

Lyondell Chemical

Houston, Texas, United States

Category Company
Sector Chemicals
DESCRIPTION

Lyondell Chemical Company is a global manufacturer of chemicals and plastics, a refiner of heavy, high-sulfur crude oil and a significant producer of fuel products. Key products include ethylene, polyethylene, styrene, propylene, propylene oxide, gasoline, ultra low-sulfur diesel, MTBE and ETBE.


DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (1998) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-29 Millennium Chemicals

Greenville, Delaware, United States

Millennium is the second-largest producer of TiO2 in the world, the largest merchant seller of titanium tetrachloride and a major producer of zircon and zirconia, silica gel and cadmium-based pigments. It also is the second-largest producer of acetic acid and vinyl acetate monomer in North America, and a leading producer of terpene-based fragrance and flavor chemicals.

Buy $2.3B