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  6. Pinova Acquires LyondellBasell Flavors & Fragrances

M&A Deal Summary

Pinova Acquires LyondellBasell Flavors & Fragrances

On December 22, 2010, Pinova acquired consumer products company LyondellBasell Flavors & Fragrances from LyondellBasell

Acquisition Highlights
  • This is Pinova’s 1st transaction in the Consumer Products sector.
  • This is Pinova’s 1st transaction in the United States.
  • This is Pinova’s 1st transaction in Florida.

M&A Deal Summary
Date 2010-12-22
Target LyondellBasell Flavors & Fragrances
Sector Consumer Products
Buyer(s) Pinova
Sellers(s) LyondellBasell
Deal Type Divestiture

Target

LyondellBasell Flavors & Fragrances

Jacksonville, Florida, United States
LyondellBasell Flavors & Fragrances LLC engages in the production of terpene-based fragrance ingredients and flavor ingredients for the oral-care, confectionery and beverage market. The flavors and fragrances business has manufacturing facilities at Jacksonville, Fla., and Brunswick, Ga., and approximately 200 employees.

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Buyer(S) 1

Buyer

Pinova

Brunswick, Georgia, United States
Category Company
Sector Chemicals
Employees400
Revenue 287M USD (2014)
DESCRIPTION

Pinova, Inc. is a manufacturer of specialty chemical products derived from pine trees and citrus fruit peels. Pinova produces rosin and terpene based resins that are used in a wide range of specialty applications around the world, including food and beverage, adhesive, construction and agriculture.

DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

LyondellBasell

Houston, Texas, United States
Category Company
Founded 2007
Sector Chemicals
Employees20,000
Revenue 40.3B USD (2024)
DESCRIPTION
LyondellBasell office in downtown Houston, Texas.
LyondellBasell office in downtown Houston, Texas.

LyondellBasell is a plastics, chemicals and refining company that produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell was founded in 2007 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 5
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 4
State: Florida M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-29 Solvay Engineered Polymers

Mansfield, Texas, United States

Solvay Engineered Polymers, Inc., a supplier of polypropylene compounds in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-27 Nihon Oxirane Co.

Tokyo, Japan

Nihon Oxirane Co. Ltd. engages in the Production and sale of styrene monomer, propylene oxide and propylene glycol. The company was founded in 1972 and is based in Tokyo, Japan.

Sell -
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