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  6. Mane Acquires Ashland s Avoca Business

M&A Deal Summary

Mane Acquires Ashland s Avoca Business

On December 23, 2024, Mane acquired chemicals company Ashland s Avoca Business from Ashland

Acquisition Highlights
  • This is Mane’s 1st transaction in the Chemicals sector.
  • This is Mane’s 1st transaction in the United States.
  • This is Mane’s 1st transaction in Delaware.

M&A Deal Summary
Date 2024-12-23
Target Ashland s Avoca Business
Sector Chemicals
Buyer(s) Mane
Sellers(s) Ashland
Deal Type Divestiture

Target

Ashland s Avoca Business

Wilmington, Delaware, United States
Ashland's Avoca Business supplies Sclareolide, a fragrance fixative, and a range of contract manufacturing capabilities from two production facilities in North Carolina and Wisconsin.

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Buyer(S) 1

Buyer

Mane

Milford, Ohio, United States
Category Company
Founded 1998
Sector Chemicals
DESCRIPTION

Mane, Inc. produces fragrances and flavors. The company offers fragrances, flavors, and ingredients.

DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Delaware M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Cargill - Texturizing Compounds Business

Rubi, Spain

Texturizing Compounds Business of Cargill provides technology compounds for the meat processing industry in Spain and other large meat markets in Europe.

Buy -

Seller(S) 1

SELLER

Ashland

Wilmington, Delaware, United States
Category Company
Founded 1924
Sector Chemicals
Employees3,200
Revenue 2.1B USD (2024)
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 15 of 15
Sector: Chemicals M&A 11 of 11
Type: Divestiture M&A Deals 13 of 13
State: Delaware M&A 3 of 3
Country: United States M&A 15 of 15
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Pharmachem Innovations

Kearny, New Jersey, United States

Pharmachem Innovations is a provider of proprietary nutrition ingredients and custom formulation services that supplies a broad portfolio of both active ingredients and formulation aids to nutritional product companies. Pharmachem Innovations is based in Kearny, New Jersey.

Sell -
Mergr

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