Mergers & Acquisitions (M&A)

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31.08.2021 • News

Oqema Buys Ireland’s Casoria

German chemicals distributor Oqema has acquired Ireland’s Casoria for an undisclosed sum, expanding both its network in the country and its product portfolio. Based in Cavan, Casoria distributes a range of chemicals and metals to the Irish market.

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30.08.2021 • News

Recro Pharma Pays $50 Million for Irisys

US CDMO Recro Pharma has paid roughly $50 million in a cash-and-stock deal to buy Irisys, a compatriot CDMO with operations on both the East and West Coasts. Recro said the deal expands its offering from pre-Investigational New Drug (IND) development to commercial manufacturing and packaging for a wide range of dosage forms.

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17.08.2021 • News

IVL to Buy Brazilian Surfactants Maker Oxiteno

Indorama Ventures (IVL), a world leader in the PET market, is continuing its acquisition spree, in its latest move buying Brazil’s Oxiteno Indústria e Comércio, a subsidiary of Ultrapar Participações. In picking up the new asset, IVL said it will gain a unique portfolio in high-value surfactants and significantly expand its existing Integrated Oxides and Derivatives (IOD) business.

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06.08.2021 • News

Brenntag Buys Matrix Chemical

In its fifth announced acquisition so far this year, Brenntag has taken over North America's Matrix Chemical for an undisclosed sum. Signing and closing of the acquisition occurred simultaneously.

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03.08.2021 • News

Curia Buys LakePharma

US CDMO Curia, formerly AMRI, has agreed to acquire LakePharma, a privately held biologics drug discovery, clinical research, development and manufacturing organization. Financial terms of the agreement have not been disclosed.

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02.08.2021 • News

Amgen Boosts Antibody Portfolio with Teneobio Buy

US biopharma Amgen has agreed to buy privately held clinical-stage biotech Teneobio in a deal worth up to $2.5 billion. The acquisition will expand Amgen’s antibody development capabilities for drugs to treat cancer and other diseases in the firm’s core therapeutic areas.

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20.07.2021 • News

Sasol Sells Sodium Cyanide Business to Draslovka

South Africa’s Sasol has agreed to sell its sodium cyanide business to a local subsidiary of Draslovka Holding, a privately owned Czech-based company, for 1.46 billion Rand, or approximately $101 million. The deal, part of Sasol’s ongoing asset divestment program, is expected to close in the first half of 2022, subject to antitrust clearance and other license and permit regulatory approvals.

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20.07.2021 • News

Novo Nordisk Takes Prothena’s ATTR Amyloidosis Program

Danish drugmaker Novo Nordisk has acquired Prothena’s clinical-stage stage antibody PRX004 and broader ATTR amyloidosis program, gaining full global rights to the intellectual property and related rights of the ATTR amyloidosis business and pipeline.

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16.07.2021 • News

Advent Sells Allnex to PTT for €4 Billion

To gain a berth in the sustainable industrial coatings market, Thailand’s PTT Global Chemical (PTTGC), a 45% affiliate of Bangkok-based, state-owned energy major PTT, is paying Advent International €4 billion for the private equity giant’s Germany-based Allnex resins portfolio company. The selling price is more than 12 times last year’s EBITDA.

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14.07.2021 • News

AMRI Becomes Curia, Makes Acquisition

Only a day after announcing it was changing its name to Curia, the US CDMO known up to now as AMRI announced a “definitive agreement” to acquire Integrity Bio, a privately held biologics formulation and fill & finish organization headquartered in Camarillo, California.

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08.07.2021 • News

EU Approves AstraZeneca Takeover of Alexion

EU competition authorities have approved AstraZeneca’s $39 billion takeover of US biopharma Alexion. Europe’s green light for the deal sealed in December 2020 follows the approval of the US Federal Trade Commission (FTC) in April 2021.

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07.07.2021 • News

MKS Buys Germany’s Atotech

US semiconductor equipment maker MKS Instruments is buying German specialty chemicals and equipment company Atotech for an enterprise value of $6.5 billion in a combined cash-and-stock deal. The acquisition is expected to close by the fourth quarter of 2021. MKS will fund the cash portion of the transaction with funds to hand and debt financing.

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07.07.2021 • News

Phillip Morris Buys Oral Drugmaker Fertin

Companies outside the drugs and private equity sectors are increasingly striking deals to buy pharmaceutical companies. In one of the latest, cigarette manufacturer Phillip Morris has bought oral drug delivery specialist Fertin Pharma. Seller is private equity investor EQT Private Equity.

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01.07.2021 • News

Celanese Takes ExxonMobil Elastomers Business

Celanese has emerged as the buyer of the TPV elastomers business Exxon Mobil put on the sale block earlier this year. The US chemicals and engineering plastics group said on Jun. 30 it had signed a definitive agreement to acquire the portfolio that includes the iconic Santoprene brand along with intellectual property, production and commercial assets.

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28.06.2021 • News

Catalent to Acquire RheinCell Therapeutics

Catalent has announced plans to acquire RheinCell Therapeutics, a German developer and manufacturer of GMP-grade human induced pluripotent stem cells (iPSCs), a type of cell that can be differentiated into various cell types to address a wide range of therapeutic indications.

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24.06.2021 • News

Kerry Acquires Food Preservation Specialist Niacet

Global food giant Kerry Group has entered into an agreement to acquire Niacet Corp. from an affiliate of funds advised by private equity firm SK Capital Partners and other shareholders, for €853 million.

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22.06.2021 • News

Distrupol Takes Lautrup Chemicals

Distrupol, a UK-based distributor of thermoplastics and elastomers, has acquired Lautrup Chemicals, a Danish polymers distributor. Financial terms were not disclosed.

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18.06.2021 • News

Exscientia Takes AI Specialist Allcyte

UK-based pharmatech Exscientia has entered into a binding agreement to buy Vienna-based Allcyte, a specialist in precision medicine using artificial intelligence (AI). Under the terms, Exscientia will pay €50 million, comprised of cash and Exscientia’s ordinary shares. The transaction is currently under review by Austrian regulators.

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18.06.2021 • News

Element Solutions to Buy Coventya

Just weeks after spending $60 million buying UK electro-chemical producer H.K. Wentworth, Element Solutions has offered to acquire Coventya, a French international manufacturer of specialty chemicals used in surface treatment, from private equity owner Silverfleet Capital.

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08.06.2021 • News

Bayer Acquires to Expand Prostate Cancer Pipeline

Bayer has announced plans to acquire Noria Therapeutics and PSMA Therapeutics, thereby obtaining exclusive rights to a differentiated alpha radionuclide investigational compound based on actinium-225 and a small molecule directed towards prostate-specific membrane antigen (PSMA).

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02.06.2021 • NewsChemistry

Mergers & Acquisitions Are an Integral Strategic Component

In the drive to reach growth objectives, or to maintain and enhance “critical mass”, mergers & acquisitions (M&A) has been a theme for the chemical distribution industry for years. The industry leaders (by size and geographic reach) were all built through a series of such transactions. The practice is further trickling down to the smaller and mid-sized company layer of the sector, and more distributors espouse external growth options.

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27.05.2021 • News

Arkema to Acquire Plastics Compounder Agiplast

As it sheds more commodity-oriented products in its plastics portfolio, French specialty chemicals producer Arkema has announced plans to acquire Agiplast, an Italian compounder regarded as a leader in the regeneration of high performance polymers, in particular specialty polyamides and fluoropolymers. The deal is expected to close next month.

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26.05.2021 • News

UK Regulator Casts Doubt on AstraZeneca’s Alexion Buy

AstraZeneca’s agreement to acquire Alexion Pharma for $39 billion, sealed in December 2020 and approved by the US Federal Trade Commission (FTC) in April 2021, may not be a done deal after all. The UK’s Competition and Markets Authority (CMA) announced on May 25 that it has launched an anti-competition investigation into the transaction.

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20.05.2021 • News

Arkema to Acquire Edge Adhesives Texas

French specialty chemicals producer Arkema said it plans to acquire Edge Adhesives Texas, as “a complementary asset” that will boost subsidiary Bostik’s offerings in high performance adhesives in the US. Financial terms were not disclosed.

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12.05.2021 • NewsChemistry

The Age of Sustainability

In a nutshell, reaching sustainability has become a key aspect for chemical companies and adjacent businesses along the product chain with a high entry hurdle for everyone.

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11.05.2021 • News

Element Solutions Buys UK Electro-chemicals Firm

US specialty chemicals company Element Solutions has paid about $60 million in cash to buy H.K Wentworth (HKW), a UK-based producer of electro-chemicals for the electronics, LED, automotive and industrial manufacturing industries.

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03.05.2021 • News

Eastman Acquires Spain’s 3F Feed & Food

US specialty materials company Eastman Chemical has acquired 3F Feed & Food, a Spanish company specializing in the development of additives for animal feed and human food. Financial details of the transaction were not disclosed. The newly acquired business will become part of Eastman’s Additives & Functional Products segment.

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30.04.2021 • News

Pfizer Acquires Amplyx Pharmaceuticals

US pharma giant Pfizer has acquired privately owned Amplyx Pharmaceuticals for an undisclosed sum. With the purchase of the clinical-stage biopharmaceutical company based at San Diego, California, the New York drugmaker will expand its anti-infectives pipeline with addition of novel antifungal Phase 2 candidate, Fosmanogepix (APX001).

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28.04.2021 • News

Sibur and TAIF to Merge Petchems Businesses

Russian companies Sibur and TAIF are merging their petrochemical businesses in a move they said will create one of the world’s top five producers of polyolefins and rubber products. The merger, which remains subject to regulatory approval and the completion of relevant corporate procedures, could be finalized by the end of this year.

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26.04.2021 • News

Australia’s Orocobre and Galaxy Agree Merger

Australian companies Orocobre and Galaxy Resources have agreed to a “merger of equals” that they said would create the world’s fifth-largest manufacturer of lithium chemicals. The deal, valued at A$4 billion, has been unanimously approved by the boards of both companies and is expected to complete by August 2021.

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22.04.2021 • News

Elementis Rebuffs Innospec Approach

UK specialty chemicals company Elementis has been the subject of another attempted takeover – its fourth in under six months – but this time from US rival, Innospec.

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22.04.2021 • News

Air Products Takes Control of Gasification JV

US industrial gases specialist Air Products has bought the remaining 50% equity stake in a gasification technology joint venture it picked up in the 2019 acquisition of GE’s gasification business and technology. Financial terms of the arrangement with China Shenhua Coal to Liquid and Chemical Co., part of China Energy Group, were not disclosed.

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21.04.2021 • News

Aceto Acquires A&C

Virtual specialty materials manufacturer Aceto has acquired A&C, a producer of specialty excipients, buffers and process solutions, for an undisclosed sum.

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12.04.2021 • News

One Rock Completes Acquisition of Distrupol

US private equity group One Rock Capital Partners has completed its acquisition of UK plastics distributor Distrupol from US chemicals distributor Univar – the plans were announced in late January. Financial details of the deal were not disclosed.

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