M&A Deal Summary

Solvay Acquires Cytec Industries

On July 29, 2015, Solvay acquired chemicals company Cytec Industries for 5.5B USD

Acquisition Highlights
  • This is Solvay’s 8th transaction in the Chemicals sector.
  • This is Solvay’s largest (disclosed) transaction.
  • This is Solvay’s 5th transaction in the United States.
  • This is Solvay’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2015-07-29
Target Cytec Industries
Sector Chemicals
Buyer(s) Solvay
Deal Type Add-on Acquisition
Deal Value 5.5B USD

Target

Cytec Industries

Woodland Park, New Jersey, United States
Cytec Industries Inc., is a specialty materials and chemicals company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastics industries.

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Buyer(S) 1

Buyer

Solvay

Brussels, Belgium
Category Company
Founded 1863
Sector Chemicals
Employees9,000
Revenue 6.0B EUR (2023)
DESCRIPTION

Solvay is a chemical company that harnesses the power of chemistry to create innovative, sustainable solutions that answer the world’s most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay was founded in 1863 and is based in Brussels, Belgium.

DEAL STATS #
Overall 9 of 16
Sector (Chemicals) 8 of 10
Type (Add-on Acquisition) 7 of 8
State (New Jersey) 1 of 1
Country (United States) 5 of 7
Year (2015) 2 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Ryton PPS - Chevron Phillips Chemical

United States

Ryton PPS is a business unit of Chevron Phillips Chemical manufactures polyphenylene sulfide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 EPIC Polymers

Kaiserslautern, Germany

EPIC Polymers GmbH is a developer of an innovative technology to reinforce high performance thermoplastic polymers with long glass fibers

Buy -
Mergr

Product

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