M&A Deal Summary

UP Chemical Co. and Chemtura Acquire DayStar Materials

On February 1, 2011, UP Chemical Co. and Chemtura acquired chemicals company DayStar Materials

Acquisition Highlights
  • This is UP Chemical Co.’s 1st and Chemtura’s 3rd transaction in the Chemicals sector.
  • This is UP Chemical Co.’s 1st and Chemtura’s 1st transaction in South Korea.

M&A Deal Summary

Date 2011-02-01
Target DayStar Materials
Sector Chemicals
Buyer(s) UP Chemical Co.
Chemtura
Deal Type Joint Venture

Target

DayStar Materials

Pyeongtaek, South Korea
DayStar Materials LLC is a manufacturer and marketer of high-purity metal organic precursors for the rapidly growing LED market.

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Buyer(S) 2

Buyer

UP Chemical Co.

Pyeongtaek, South Korea

Category Company
Founded 1993
Sector Chemicals
DESCRIPTION

UP Chemical Co. Ltd. is a provider of wiring materials, dielectric materials, diffusion barriers, and precursors for metalized adhesive films for semiconductor industry.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2011 M&A 1 of 1
Buyer

Chemtura

Philadelphia, Pennsylvania, United States

Category Company
Founded 1900
Sector Chemicals
Employees2,500
Revenue 1.7B USD (2015)
DESCRIPTION

Chemtura Corp. is a specialty chemicals company. Chemtura offers a number of products used in the transportation, energy & electronics, and agriculture sectors. Chemtura was formed in 1900 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 3 of 4
Sector: Chemicals M&A 3 of 4
Type: Joint Venture M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-26 Galata Chemicals

Jersey, New Jersey, United States

Galata Chemicals is a manufacturer and distributor of additives for polyvinyl chloride and associated industries formed with the acquisition of Chemtura's PVC Additives business. It offers organotin heat stabilizers, mixed metal heat stabilizers, epoxidized soybean oil, bio-based plasticizers, organotin catalysts, and polymer modifiers. Galata Chemicals was founded in 2010 and is based in Jersey City.

Sell $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-26 Solaris ChemTech Industries - Bromine Assets

Gurgaon, India

Solaris ChemTech Industries Ltd. - Bromine Assets includes manufacture of chemical products.

Buy -