M&A Deal Summary

Pidilite Industries Acquires Huntsman - DIY Consumer Adhesives Business

On October 28, 2020, Pidilite Industries acquired chemicals company Huntsman - DIY Consumer Adhesives Business from Huntsman for 285M USD

Acquisition Highlights
  • This is Pidilite Industries’ 1st transaction in the Chemicals sector.
  • This is Pidilite Industries’ largest (disclosed) transaction.
  • This is Pidilite Industries’ 1st transaction in India.

M&A Deal Summary

Date 2020-10-28
Target Huntsman - DIY Consumer Adhesives Business
Sector Chemicals
Buyer(s) Pidilite Industries
Sellers(s) Huntsman
Deal Type Divestiture
Deal Value 285M USD

Target

Huntsman - DIY Consumer Adhesives Business

India
Huntsman Corp. - DIY Consumer Adhesives Business is a provider of chemical products based in India.

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Buyer(S) 1

Buyer

Pidilite Industries

Mumbai, India

Category Company
Founded 1959
Sector Chemicals
Employees7,914
Revenue 123.8B INR (2024)
DESCRIPTION

Pidilite Industries is a manufacturer of adhesives and sealants, chemicals, resins, and organic pigments and preparations, for the textile, automotive, arts, construction, paints industries. Pidilite Industries was founded in 1959 and is based in Mumbai, India.


DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-22 Sargent Art

Hazleton, Pennsylvania, United States

Sargent is the supplier of quality art materials to the educational and retail markets throughout the United States.

Buy -

Seller(S) 1

SELLER

Huntsman

The Woodlands, Texas, United States

Category Company
Founded 1970
Sector Chemicals
Employees6,000
Revenue 6.1B USD (2023)
DESCRIPTION
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.

Huntsman is a manufacturer of differentiated organic chemical products and inorganic chemical products. The Company's products comprise a broad range of chemicals and formulations which are marketed globally to a diversified group of consumer and industrial customers. Huntsman's products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. Huntsman was founded in 1970 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 5 of 6
Sector (Chemicals) 5 of 5
Type (Divestiture) 3 of 4
Country (India) 1 of 1
Year (2020) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 Venator Materials

Stockton-on-Tees, United Kingdom

Venator Materials is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. Venator market products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of functional additives, color pigments, timber treatment, and water treatment businesses. Venator Materials is based in Stockton-on-Tees, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Gabriel Performance Products

Ashtabula, Ohio, United States

Gabriel Performance Products LLC is a provider of specialty chemicals. Gabriel develops and manufactures a proprietary line of complex chemicals and provides contract manufacturing services to other chemical producers. Gabriel Performance Products was founded in 2001 and is based in Ashtabula, Ohio.

Buy $250M