M&A Deal Summary

Shrieve Chemical Acquires CLP Chemicals - Styrene Business Unit and Other Assets

On October 7, 2020, Shrieve Chemical acquired chemicals company CLP Chemicals - Styrene Business Unit and Other Assets from CLP Chemicals

Acquisition Highlights
  • This is Shrieve Chemical’s 1st transaction in the Chemicals sector.
  • This is Shrieve Chemical’s 1st transaction in the United States.
  • This is Shrieve Chemical’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-10-07
Target CLP Chemicals - Styrene Business Unit and Other Assets
Sector Chemicals
Buyer(s) Shrieve Chemical
Sellers(s) CLP Chemicals
Deal Type Divestiture

Target

CLP Chemicals - Styrene Business Unit and Other Assets

Houston, Texas, United States
CLP Chemicals' Styrene Business Unit and Other Assets is an important monomer produced by the chemical industry. Styrene monomer is a basic building block of the plastics. Styrene is produced via the alkylation of benzene with ethylene to produce ethylbenzene, followed by dehydrogenation of ethylbenzene to styrene. Styrene goes through polymerization by all the common methods used in plastics technology to produce polymers and copolymers.

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Buyer(S) 1

Buyer

Shrieve Chemical

The Woodlands, Texas, United States
Category Company
Founded 1978
Sector Chemicals
DESCRIPTION

Shrieve Chemical is a provider in the formulation and value-added direct sales and distribution of industrial chemicals, performance fluids and specialty lubricants. Shrieve Chemical was founded in 1978 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 1 of 5
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 5
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 Chem One

Houston, Texas, United States

Chem One is a distributor of an extensive line of dry chemicals to a diverse array of attractive end markets, including water treatment, animal feed, micro-nutrients, oil and gas, and general industrials. Chem One is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

CLP Chemicals

Houston, Texas, United States
Category Company
Founded 1991
Sector Chemicals
DESCRIPTION

CLP Chemicals is an industrial chemical distributor that specializes in the distribution of styrene, acrylates, acetic acid, glycerin, and other niche chemicals. CLP will retain and continue to operate its glycerin business unit. Focused on serving niche end-markets, CLP is known for its differentiated product slate and strong relationships with customers and suppliers in the chemical market. CLP Chemicals was formed in 1991 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

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