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  5. Sumitomo Chemical Acquires LG Life Sciences - Ethaboxam Fungicide Business

M&A Deal Summary

Sumitomo Chemical Acquires LG Life Sciences - Ethaboxam Fungicide Business

On December 5, 2011, Sumitomo Chemical acquired chemicals company LG Life Sciences - Ethaboxam Fungicide Business from LG Chem

Acquisition Highlights
  • This is Sumitomo Chemical’s 4th transaction in the Chemicals sector.
  • This is Sumitomo Chemical’s 1st transaction in South Korea.

M&A Deal Summary
Date 2011-12-05
Target LG Life Sciences - Ethaboxam Fungicide Business
Sector Chemicals
Buyer(s) Sumitomo Chemical
Sellers(s) LG Chem
Deal Type Divestiture

Target

LG Life Sciences - Ethaboxam Fungicide Business

South Korea
LG Life Sciences - Ethaboxam Fungicide Business is a highly effective on a wide range of troublesome diseases, such as downy mildew, late blight and Pythium disease, of many crops including grapes, vegetables, potatoes, corn and other row crops. The fungicide offers the distinctive advantage of flexibility in the choice of application methods, for example, soil, foliar or seed treatment applications.

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Buyer(S) 1

Buyer

Sumitomo Chemical

Tokyo, Japan
Category Company
Founded 1913
Sector Chemicals
Employees29,279
Revenue 2.61T JPY (2025)
DESCRIPTION

Sumitomo Chemical is a manufacturer of fertilizers from sulfur dioxide emitted from smelting operations at the Besshi copper mine. The company engages in the 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 7 of 16
Sector: Chemicals M&A 4 of 13
Type: Divestiture M&A Deals 2 of 5
Country: South Korea M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-17 New Chemi Industries

Mumbai, India

New Chemi Industries Ltd. is an established agrochemical manufacturer and distributes pesticides and formulated products for farmers and the agricultural industry in India headquartered in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-10 Chiba Styrene Monomer

Tokyo, Japan

Chiba Styrene Monomer Ltd. is a manufacture of styrene monomer which used to make resins and synthetic rubber, with an annual production capacity of 270,000 tons. The company is based in Tokyo, Japan.

Buy -

Seller(S) 1

SELLER

LG Chem

Seoul, South Korea
Category Company
Founded 1947
Sector Chemicals
Employees14,011
Revenue 48.92T KRW (2024)
DESCRIPTION

LG Chem engaged in manufacture of petrochemicals like polyvinyl chloride (PVC) resins, low-density polyethylene (LDPE), poly styrene (PS), acrylonitrile butadiene styrene (ABS), bisphenol. LG Chem was founded in 1947 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 3
Sector: Chemicals M&A 1 of 2
Type: Divestiture M&A Deals 1 of 3
Country: South Korea M&A 1 of 2
Year: 2011 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 LG NanoH2O

El Segundo, California, United States

LG NanoH2O, Inc. designs, develops, manufactures and markets reverse osmosis (RO) mem­branes that lower the cost of desalination.

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