M&A Deal Summary

Umicore Acquires Metal Business - OM Group

On July 31, 2003, Umicore acquired metals/mining company Metal Business - OM Group from Vectra for 1.1B USD

Acquisition Highlights
  • This is Umicore’s 1st transaction in the Metals/Mining sector.
  • This is Umicore’s largest (disclosed) transaction.
  • This is Umicore’s 1st transaction in the United States.
  • This is Umicore’s 1st transaction in Ohio.

M&A Deal Summary
Date 2003-07-31
Target Metal Business - OM Group
Sector Metals/Mining
Buyer(s) Umicore
Sellers(s) Vectra
Deal Type Divestiture
Deal Value 1.1B USD

Target

Metal Business - OM Group

Cleveland, Ohio, United States

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Buyer(S) 1

Buyer

Umicore

Brussels, Belgium
Category Company
Founded 1805
Sector Environmental
Employees10,999
Revenue 18.3B EUR (2023)
DESCRIPTION

Umicore operates as a materials technology and recycling company worldwide. Umicore was incorporated in 1805 and is based in Brussels, Belgium.

DEAL STATS #
Overall 1 of 7
Sector (Metals/Mining) 1 of 2
Type (Divestiture) 1 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 4
Year (2003) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Todini

Monza, Italy

Todini and Co. S.p.a. is a distributor of chemical products, such as metal salts and non-ferrous metal oxides.

Buy -

Seller(S) 1

SELLER

Vectra

Cleveland, Ohio, United States
Category Company
Founded 1991
Sector Chemicals
Employees5,900
Revenue 1.2B USD (2013)
DESCRIPTION

Vectra is a provider of specialty chemicals, advanced materials, electrochemical energy storage, magnetic materials and unique technologies crucial to enabling customers to meet increasingly stringent market and application requirements. Vectra was founded in 1991 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 6
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 6
State (Ohio) 1 of 3
Country (United States) 1 of 5
Year (2003) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-27 Cawse

Ora Band, Australia

Cawse provides nickel/cobalt Literate Operation in Western Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-10 Plaschem Specialty Products Pte

Singapore, Singapore

Plaschem Specialty Products Pte Ltd. is a specialty chemical manufacturer.

Buy -
Mergr

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