Explore All 108 Divestiture Plastics Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | May 21, 2007 |
| Target | SABIC Innovative Plastics US |
| Sector | Plastics |
| Buyer(s) | SABIC |
| Sellers(s) | General Electric |
| Deal Type | Divestiture |
| Deal Value | 11.6B USD |
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SABIC is a Saudi state-owned chemical manufacturing company that operates six interlinked strategic business units: Basic Chemicals, Intermediates, Specialty Products, Polymers, Fertilizers, and Metals. The company has significant research resources and has dedicated Research and Technology centers in Riyadh, Geleen in the Netherlands, Houston USA, and Vadodara in India. SABIC was founded in 1976 and is based in Riyadh, Saudi Arabia.
| Deal Context for Buyer | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Plastics | 1 of 1 |
| Type: Divestiture | 2 of 2 |
| State: Massachusetts | 1 of 1 |
| Country: United States | 1 of 1 |
| Year: 2007 | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-27 |
Huntsman s European Chemicals and Polymers Business
United Kingdom Huntsman's European Chemicals and Polymers Business is a global manufacturer and marketer of specialty and commodity chemicals throughout its four principal businesses: polyurethane chemicals (in particular "MDI"), propylene oxide ("PO"), petrochemicals (in particular olefins) and titanium dioxide ("TiO2"). |
Buy | $826M |
| Category | Company |
|---|---|
| Founded | 1892 |
| Sector | Diversified |
| Employees | 205,000 |
| Revenue | 38.7B USD (2024) |
General Electric is a diversified technology and financial services company. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.
| Deal Context for Seller | # |
|---|---|
| Overall | 13 of 46 |
| Sector: Plastics | 1 of 1 |
| Type: Divestiture | 12 of 38 |
| State: Massachusetts | 1 of 2 |
| Country: United States | 11 of 35 |
| Year: 2007 | 2 of 3 |
| Size (of disclosed) | 1 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-05-04 |
Smiths Aerospace
United States Smiths Aerospace, Inc. is a supplier of integrated systems for aircraft manufacturers and components for engine builders. The business holds key positions in the supply chains of all major military and civil aircraft and engine manufacturers |
Buy | $4.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-01 |
Garanti
Istanbul, Turkey Garanti is a financial services company that offers retail and commercial banking services. Garanti was founded in 1946 and is based in Istanbul, Turkey. |
Sell | - |
