Divestiture • Chemicals

Sasco Chemical Group Acquires Michelman - Wood Release Agent Product Line

On August 7, 2017, Sasco Chemical Group acquired chemicals company Michelman - Wood Release Agent Product Line from Michelman

Acquisition Context
  • This is Sasco Chemical Group’s 1st transaction in the Chemicals sector.
  • This is Sasco Chemical Group’s 1st transaction in the United States.
  • This is Sasco Chemical Group’s 1st transaction in Ohio.

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M&A Deal Summary

Date August 7, 2017
Target Michelman - Wood Release Agent Product Line
Sector Chemicals
Buyer(s) Sasco Chemical Group
Sellers(s) Michelman
Deal Type Divestiture

Target Company

Michelman - Wood Release Agent Product Line

Cincinnati, Ohio, United States
Michelman, Inc. - Wood Release Agent Product Line is a major supplier of release agents to the engineered wood market.
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Buyer Overview 1

Buyer

Sasco Chemical Group

Albany, Georgia, United States

Category Company
Founded 1948
Sector Chemicals
DESCRIPTION

Sasco Chemical Group, Inc. is a manufacturer of rubber anti-tack agents in north america with its PolyCoat, TechKote and Sasco Cote product lines.


Deal Context for Buyer #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Divestiture 1 of 1
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1

Seller Profile 1

SELLER

Michelman

Cincinnati, Ohio, United States

Category Company
Founded 1949
Sector Chemicals
DESCRIPTION

Michelman is a global developer of water-based barrier and functional coatings for flexible film packaging, paperboard, and corrugated cartons; and water-based surface modifiers, additives and polymers for numerous industries including wood and floor care, industrial coatings, inks, fibers, composites, and construction products. Michelman serves its multinational and regional customers with production facilities in the U.S., Europe and Singapore, and a worldwide network of highly trained field technical support personnel.


Deal Context for Seller #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Divestiture 1 of 1
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-28 Supack International Pvt

Mumbai, India

Supack International Pvt Ltd. distributes chemicals.

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