M&A Deal Summary

Taminco Acquires Kemira - ChemSolutions Formic Acid Business

On December 23, 2013, Taminco acquired chemicals company Kemira - ChemSolutions Formic Acid Business from Kemira for 140M EUR

Acquisition Highlights
  • This is Taminco’s 2nd transaction in the Chemicals sector.
  • This is Taminco’s largest (disclosed) transaction.
  • This is Taminco’s 1st transaction in Finland.

M&A Deal Summary
Date 2013-12-23
Target Kemira - ChemSolutions Formic Acid Business
Sector Chemicals
Buyer(s) Taminco
Sellers(s) Kemira
Deal Type Divestiture
Deal Value 140M EUR

Target

Kemira - ChemSolutions Formic Acid Business

Oulu, Finland
The ChemSolutions Formic Acid Business is a producer of formic acid, and includes airport runway deicing product lines.

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Buyer(S) 1

Buyer

Taminco

Allentown, Pennsylvania, United States
Category Company
Founded 2003
Sector Chemicals
Employees800
Revenue 1.2B USD (2013)
DESCRIPTION

Taminco is a global specialty chemical company, with a clear focus on niche markets. Taminco is the world's leading producer of alkylamines & derivatives and a major producer of formic acid & derivatives, supplying diversified, global end markets. Taminco's products are used by customers in the manufacture of a diverse array of products for the agriculture, animal nutrition, water treatment, personal & home care and oil & gas end-markets, and its products provide these goods with a variety of ancillary characteristics required for optimal performance. Taminco currently operates in 23 countries with eight production facilities.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
Country (Finland) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 Air Products - Amines Business

United States

Air Products - Amines Business is a producer of methylamines and methylamine derivatives.

Buy $211M

Seller(S) 1

SELLER

Kemira

Helsinki, Finland
Category Company
Founded 1920
Sector Chemicals
Employees49,690
Revenue 3.4B EUR (2023)
DESCRIPTION

Kemira is a chemical industry group that Consists of three main segments. Kemira's main shareholder is Oras Invest Oy and its owners, members of the Paasikivi family. Kemira was founded in 1920 and is based in Helsinki, Finland.

DEAL STATS #
Overall 3 of 4
Sector (Chemicals) 3 of 4
Type (Divestiture) 3 of 4
Country (Finland) 1 of 2
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-29 Nheel Química

Rio Claro, Brazil

Nheel Química Ltda. is a Brazilian water treatment chemicals company. The production site of Nheel Química is located in Rio Claro, Sao Paulo state and it produces the full range of coagulants. Coagulants are mainly used for treatment of drinking water and wastewater.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-27 BASF - Global Alkyl Ketene Dimer Emulsion Business

Germany

AKD is an alkyl ketene dimer based sizing agent, which impacts paper and board hydrophobicity or water resistance.

Buy -
Mergr

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