M&A Deal Summary

We Soda Acquires Genesis Alkali

On March 3, 2025, We Soda acquired chemicals company Genesis Alkali from Genesis Energy for 1.4B USD

Acquisition Highlights
  • This is We Soda’s 1st transaction in the Chemicals sector.
  • This is We Soda’s largest (disclosed) transaction.
  • This is We Soda’s 1st transaction in the United States.
  • This is We Soda’s 1st transaction in Wyoming.

M&A Deal Summary

Date 2025-03-03
Target Genesis Alkali
Sector Chemicals
Buyer(s) We Soda
Sellers(s) Genesis Energy
Deal Type Divestiture
Deal Value 1.4B USD

Target

Genesis Alkali

Green River, Wyoming, United States
Genesis Alkali is a producer of natural soda ash, also known as sodium carbonate (Na2CO3), a basic building block for a number of ubiquitous products, including flat glass, container glass, dry detergent and a variety of chemicals and other industrial products. The Alkali Business produces approximately four million tons of natural soda ash per year, representing approximately 28% of all the natural soda ash produced in the world and, based on current production rates, has an estimated reserve life remaining of over 100 years. Genesis Alkali is based in Green River, Wyoming.

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Buyer(S) 1

Buyer

We Soda

London, United Kingdom

Category Company
Founded 2009
Sector Chemicals
DESCRIPTION

We Soda is a producer of natural soda ash, producing over 5 million tonnes of natural soda ash and sodium bicarbonate every year. We Soda was founded in 2009 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Wyoming) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Genesis Energy

Houston, Texas, United States

Category Company
Founded 1996
Sector Energy Services and Equipment
Employees2,111
Revenue 3.2B USD (2023)
DESCRIPTION

Genesis Energy is a midstream energy master limited partnership that provides a diverse portfolio of customers, operations and assets, including refinery-related plants, pipelines, storage terminals, and trucking operations. Genesis Energy was founded in 1996 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 2
State (Wyoming) 1 of 1
Country (United States) 2 of 2
Year (2025) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Genesis Energy - Powder River Basin Midstream Assets

Houston, Texas, United States

Genesis Energy LP - Powder River Basin Midstream Assets provides a full suite of crude services to producers in the core of the basin owns over 190 miles of crude trunk line and gathering pipelines with multiple interconnections to downstream markets out of Guernsey.

Sell $300M