M&A Deal Summary

Sumitomo Chemical Acquires Conagen

On March 31, 2020, Sumitomo Chemical acquired chemicals company Conagen

Acquisition Highlights
  • This is Sumitomo Chemical’s 13th transaction in the Chemicals sector.
  • This is Sumitomo Chemical’s 5th transaction in the United States.
  • This is Sumitomo Chemical’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2020-03-31
Target Conagen
Sector Chemicals
Buyer(s) Sumitomo Chemical
Deal Type Add-on Acquisition

Target

Conagen

Bedford, Massachusetts, United States
Conagen, Inc. is an accomplished biotechnology company located in the greater Boston biotech corridor. The company innovates and develops synthetic biology solutions for supporting global partners across a spectrum of current and developing markets. From its proprietary strain development to fermentation and scaling up, Conagen impacts partners’ abilities to sell and market products in the food, nutrition, flavor and fragrance, pharmaceutical, and renewable materials industries. Conagen was formed in 2010 and is based in Bedford, Massachusetts.

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Buyer(S) 1

Buyer

Sumitomo Chemical

Tokyo, Japan
Category Company
Founded 1913
Sector Chemicals
Employees32,161
Revenue 2.45T JPY (2024)
DESCRIPTION

Sumitomo Chemical is a manufacturer of fertilizers from sulfur dioxide emitted from smelting operations at the Besshi copper mine. Company engages in Petrochemicals & Plastics Sector, Energy & Functional Materials Sector, IT-related Chemicals Sector, Health & Crop Sciences Sector, Pharmaceutical Sector and Others. Sumitomo Chemical was founded in 1913 and is based in Tokyo, Japan.

DEAL STATS #
Overall 16 of 16
Sector (Chemicals) 13 of 13
Type (Add-on Acquisition) 5 of 5
State (Massachusetts) 2 of 2
Country (United States) 5 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 Nufarm - Four South American Subsidiaries

Brazil

Nufarm Ltd. - Four South American Subsidiaries in Brazil, Argentina, Chile, and Colombia which provides crop protection services to increase global food demand.

Buy -
Mergr

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