M&A Deal Summary

Solvay Acquires Performance Polymers - Chevron Phillips Chemical

On September 4, 2014, Solvay acquired chemicals company Performance Polymers - Chevron Phillips Chemical from Chevron Phillips Chemical Co for 220M USD

Acquisition Highlights
  • This is Solvay’s 6th transaction in the Chemicals sector.
  • This is Solvay’s 4th largest (disclosed) transaction.
  • This is Solvay’s 3rd transaction in the United States.

M&A Deal Summary
Date 2014-09-04
Target Performance Polymers - Chevron Phillips Chemical
Sector Chemicals
Buyer(s) Solvay
Sellers(s) Chevron Phillips Chemical Co
Deal Type Add-on Acquisition
Deal Value 220M USD

Target

Performance Polymers - Chevron Phillips Chemical

United States

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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 7 of 16
Sector (Chemicals) 6 of 10
Type (Add-on Acquisition) 6 of 8
Country (United States) 3 of 7
Year (2014) 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Eco Services - Solvay

Brussels, Belgium

Eco Services is a business unit of Solvay Sa.

Sell $890M
FOLLOWING 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 -

Seller(S) 1

SELLER

Chevron Phillips Chemical Co

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

Chevron Phillips Chemical Co LLC is a producer of olefins and polyolefins and a supplier of aromatics, alpha olefins, styrenics, specialty chemicals, piping, and proprietary plastics.

DEAL STATS #
Overall 1 of 3
Sector (Chemicals) 1 of 3
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-01 KR Copolymer

Seoul, South Korea

KR Copolymer Co. Ltd. is a manufacturer of chemicals, chemical products, and polymers. It offers synthetic dyes, softeners, and other colorants. The company was founded in 2000 and is headquartered in Seoul, South Korea.

Buy -
FOLLOWING 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.

Sell -
Mergr

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