M&A Deal Summary

Versum Materials Acquires Dynaloy

On July 11, 2017, Versum Materials acquired chemicals company Dynaloy from Eastman for 13M USD

Acquisition Highlights
  • This is Versum Materials’ 1st transaction in the Chemicals sector.
  • This is Versum Materials’ largest (disclosed) transaction.
  • This is Versum Materials’ 1st transaction in the United States.
  • This is Versum Materials’ 1st transaction in Indiana.

M&A Deal Summary
Date 2017-07-11
Target Dynaloy
Sector Chemicals
Buyer(s) Versum Materials
Sellers(s) Eastman
Deal Type Divestiture
Deal Value 13M USD

Target

Dynaloy

Indianapolis, Indiana, United States
website
Dynaloy LLC is a manufacturer and seller of cleaning solutions, such as photoresist and residue for multiple applications on a global basis, with focus on the semiconductor industry.

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Buyer(S) 1

Buyer

Versum Materials

Allentown, Pennsylvania, United States

website

Category Company
Founded 2016
Sector Chemicals
Employees2,300
Revenue 974M USD (2016)
DESCRIPTION

Versum Materials, Inc. is an electronic materials company providing high-purity chemicals and gases, delivery systems, services, and materials expertise to meet the evolving needs of the global semiconductor and display industries. Versum Materials Inc. is based in Allentown, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Eastman

Kingsport, Tennessee, United States

website

Category Company
Founded 1920
Sector Chemicals
Employees14,500
Revenue 10.6B USD (2022)
DESCRIPTION
Eastman Chemical plant in East St. Louis, Illinois.
Eastman Chemical plant in East St. Louis, Illinois.

Eastman is a global specialty chemical company that produces a broad range of advanced materials, chemicals, and fibers. Eastman's businesses are managed through five segments including Additives & Functional Products, Adhesives & Plasticizers, Advanced Materials, Fibers, and Specialty Fluids & Intermediates. Eastman was incorporated in 1920 and is based in Kingsport, Tennessee.

DEAL STATS #
Overall 2 of 4
Sector (Chemicals) 1 of 3
Type (Divestiture) 2 of 4
State (Indiana) 1 of 1
Country (United States) 2 of 4
Year (2017) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-11 Taminco

Allentown, Pennsylvania, United States

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.

Buy $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Sasol - Marlotherm Business

Germany

Sasol Ltd. - Marlotherm Business heat-transfer fluids are designed for indirect cooling and heating of production, conversion processes, and energy recovery and ensure dependable operation in the temperature range from -90°C to 360°C.

Buy -
Mergr

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