M&A Deal Summary

Sumitomo Acquires Saconix

On June 8, 2023, Sumitomo acquired chemicals company Saconix

Acquisition Highlights
  • This is Sumitomo’s 3rd transaction in the Chemicals sector.
  • This is Sumitomo’s 12th transaction in the United States.
  • This is Sumitomo’s 2nd transaction in Texas.

M&A Deal Summary
Date 2023-06-08
Target Saconix
Sector Chemicals
Buyer(s) Sumitomo
Deal Type Add-on Acquisition

Target

Saconix

Dallas, Texas, United States
Saconix is an independent provider of logistics, marketing, and distribution of sulfuric acid in the United States. It continues the tradition of high-quality customer service previously marketed under the Martin Product Sales banner while growing capabilities with customer-focused investment. Saconix is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Sumitomo

Tokyo, Japan
Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5.50T JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.

DEAL STATS #
Overall 40 of 45
Sector (Chemicals) 3 of 3
Type (Add-on Acquisition) 20 of 23
State (Texas) 2 of 2
Country (United States) 12 of 13
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 VeriTread

Lakeland, Florida, United States

VeriTread provides an online transportation marketplace that connects construction equipment owners with transportation service providers. VT enhances its products by providing a suite of innovative decision tools, enabling customers to make smarter, more effective arrangement of heavy-haul transportation. VeriTread was founded in 2013 and is based in Lakeland, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Upsher-Smith Laboratories

Maple Grove, Minnesota, United States

Upsher-Smith Laboratories is a pharmaceutical company, that delivers quality therapies and solutions that measurably improve individuals’ lives. Upsher-Smith Laboratories is based in Maple Grove, Minnesota.

Sell -
Mergr

Product

Company

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