M&A Deal Summary

Veolia Environnement Acquires The Chemours Company - Sulfur Products Business

On June 14, 2016, Veolia Environnement acquired chemicals company The Chemours Company - Sulfur Products Business from Chemours for 325M USD

Acquisition Highlights
  • This is Veolia Environnement’s 1st transaction in the Chemicals sector.
  • This is Veolia Environnement’s 5th largest (disclosed) transaction.
  • This is Veolia Environnement’s 4th transaction in the United States.
  • This is Veolia Environnement’s 1st transaction in Delaware.

M&A Deal Summary

Date 2016-06-14
Target The Chemours Company - Sulfur Products Business
Sector Chemicals
Buyer(s) Veolia Environnement
Sellers(s) Chemours
Deal Type Divestiture
Deal Value 325M USD

Target

The Chemours Company - Sulfur Products Business

Wilmington, Delaware, United States
The Chemours Co. LLC - Sulfur Products Business is a manufacturer hundreds of compounds needed by almost every industry. Natural gas and oil contain sulfur compounds, both organic and hydrogen sulfide, both of which must be removed before they are used as fuels or chemical feedstock.

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Buyer(S) 1

Buyer

Veolia Environnement

Paris, France

Category Company
Founded 1853
Sector Consumer Services
Employees206,500
Revenue 45.4B EUR (2023)
DESCRIPTION

Veolia Environnement Industrial Services has been providing industrial cleaning, mechanical and maintenance services and environmental waste management solutions. Veolia Environnement was founded in 1853 and is based in Paris, France.


DEAL STATS #
Overall 11 of 15
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 3
State (Delaware) 1 of 1
Country (United States) 4 of 5
Year (2016) 2 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 Kurion

Irvine, California, United States

Kurion, Inc. is a provider of technological products and solutions to access, separate and stabilize nuclear and hazardous materials and to isolate them safely from the environment for a cleaner future.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-11 Enovity

San Francisco, California, United States

Enovity, Inc. is a platform for expanding the company’s geographic footprint in the building energy services sector. Enovity, Inc. was founded in 2002 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Chemours

Wilmington, Delaware, United States

Category Company
Founded 2014
Sector Chemicals
Employees6,500
Revenue 6.0B USD (2023)
DESCRIPTION

Chemours provides performance chemicals by operating three reporting segments: Titanium Technologies, Fluoroproducts, and Chemical Solutions. Chemours' Titanium Technologies segment is a global producer of titanium dioxide (TiO2), a premium white pigment used to deliver whiteness, brightness, opacity, and protection in a variety of applications. Chemours' Fluoroproducts segment is a global provider of fluoroproducts, such as refrigerants and industrial fluoropolymer resins. Its' Chemical Solutions segment is a North American provider of industrial and specialty chemicals used in gold production, oil refining, agriculture, industrial polymers, and other industries. Chemours was founded in 2014 and is based in Wilmington, Delaware.


DEAL STATS #
Overall 4 of 5
Sector (Chemicals) 4 of 4
Type (Divestiture) 4 of 5
State (Delaware) 2 of 3
Country (United States) 4 of 5
Year (2016) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 The Chemours Company - Clean and Disinfect Business

Wilmington, Delaware, United States

Chemours' - Clean and Disinfect Business is a set of oxidation chemistry businesses focused on providing cleaning and disinfection solutions for a wide range of industrial, consumer, animal and human health applications. The product portfolio is organized into three primary categories: Disinfectants, Oxone and Chlorine Dioxide.

Sell $230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-02 Southern Ionics Minerals

Patterson, Georgia, United States

Southern Ionics Minerals LLC is a minerals exploration, mining, and manufacturing company. Southern Ionics Minerals LLC mines and processes titanium and zirconium mineral sands from a similar geological formation as those produced by Chemours at the company's existing mineral sands mine in Florida.

Buy -