Rio Tinto to Acquire Arcadium Lithium for $6.7 Billion
Rio Tinto announced that it will acquire Arcadium Lithium in an all-cash transaction for $5.85 per share that values Arcadium’s at approximately $6.7 billion.
Mergers & Acquisitions (M&A)
Lonza Completes Acquisition of Vacaville Biologics Site from Roche
Lonza has completed its acquisition of the Genentech large-scale biologics manufacturing site in Vacaville, California, USA, from Roche for $1.2 billion. The deal was announced in March of this year.
Azelis Acquires Polish Specialty Chemicals Distributor Hortimex
Azelis has signed an agreement to acquire 100% of the shares of Hortimex, a specialty chemicals distributor active in the food ingredients and nutraceuticals segments serving the Polish market.
Medera to Go Public through Merger with KVAC
Keen Vision Acquisition Corp. (KVAC) and Medera, a clinical-stage biotechnology company, have entered into a merger agreement. Upon closing of the merger, which is expected to occur in the fourth quarter of 2024, the combined company will operate under the name Medera.
UCB to Sell Neurology and Allergy Business in China
Belgium-headquartered biopharmaceutical company UCB is to sell its mature neurology and allergy business in China to Singapore-based asset management group CBC and investor Mubadala, based in Abu Dhabi, for $680 million.
PPG to Sell Silicas Products Business to Qemetica
US paints and coatingsmaker PPG has agreed to sell its silicas products business for abou $310 million to Warsaw, Poland-based Qemetica, a manufacturer of soda ash, silicates and other specialty chemicals. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.
Air Products to Acquire Hydrogen Assets from Saneg
US industrial gases producer Air Products has agreed to acquire Saneg’s hydrogen production assets at the Fergana oil refinery in Uzbekistan for $140 million.
LyondellBasell to Acquire German Plastic Recycler APK
In a move to grow and upgrade its circular and low carbon solutions business, chemical producer LyondellBasell is to acquire full ownership of plastic recycler APK in Merseburg, Germany. Closing of the transaction is subject to customary closing conditions. Financial details of the deal have not been disclosed.
Bora Completes Buy of Emergent’s US Sterile Fill/Finish Site
Bora Pharmaceuticals, a Taiwan-headquartered contract development and manufacturing organization (CDMO), has completed the acquisition of Emergent BioSolutions' sterile manufacturing facility in Baltimore-Camden, Maryland, USA. The facility adds drug product fill/finish to Bora’s extensive biologics drug substance capabilities.
Eli Lilly Completes Acquisition of Morphic
Eli Lilly has completed its acquisition of Morphic, is a biopharmaceutical company developing oral integrin therapies for treatment of serious chronic diseases. The $3.2 billion deal was initially agreed upon by the companies in July 2024.
Manuchar Acquires Chilean Distributor Proquiel Químicos
Manuchar, a global chemical distributor with headquarters in Antwerp, Belgium, has agreed to acquire a majority stake in Chilean company Proquiel Químicos.
MSD to Buy B-Cell Depletion Therapy from Curon
Major US drugmaker MSD is to pay up to $1.3 billion to acquire CN201, a novel investigational clinical-stage bispecific antibody for the treatment of B-cell associated diseases, from biotechnology company Curon Biopharmaceutical.
Recursion and Exscientia Merge, Create New Drug Discovery Company
US-headquartered biotech firm Recursion has announced that it will acquire UK-based pharmatech Exscientia in an all-stock deal. The transaction, which is expected to close in early 2025, would provide the combined entity with approximately $850 million in cash to fund its operations for the next three years. Reuters reported that Recursion will pay $688 million for the acquisition of Exscientia.
SNF to Acquire Two US Oil and Gas Fluids Firms
French specialty chemicals producer SNF has agreed to acquire PfP Industries and Ace Fluid Solutions, two oil and gas fluids firms based in Texas, USA. The strategic acquisitions, SNP said, expands its offerings for the company’s upstream oil and gas customers. Financial terms of the transactions were not disclosed.
H.B. Fuller Acquires UK-based HS Butyl
In a move to accelerate its expansion into the $15 billion global waterproofing tape market, US adhesives major H.B. Fuller has acquired HS Butyl, the UK’s largest manufacturer and distributor of butyl tapes for a wide variety of applications within the construction, infrastructure, automotive and renewable energy industries. Financial details of the transaction were not disclosed.
AbbVie Completes Acquisition of Cerevel Therapeutics
AbbVie has completed its acquisition of Cerevel Therapeutics. According to AbbVie, Cerevel's pipeline is highly complementary to its own existing neuroscience portfolio. The takeover was announced in December 2023.
Barentz Acquires Indian Chemical Distributor Anshul Life Sciences
Global specialty ingredients solution provider Barentz International recently announced the acquisition of Anshul Life Sciences in India, a specialty chemicals distributor that caters to regulated pharmaceuticals, food & nutraceuticals, and personal care markets.
Agilent to Buy Canadian CDMO Biovectra for $925 Million
Santa Clara, CA-based Agilent Technologies has signed a definitive agreement to acquire specialized contract development and manufacturing organization Biovectra from H.I.G. Capital in a move to expand its end-to-end biopharma solutions.
Honeywell to Acquire Air Products' Liquefied Natural Gas Process Technology and Equipment Business
Honeywell and Air Products recently announced that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for €1.67 billion ($1.81 billion) in an all-cash transaction. This represents approximately 13x the estimated 2024 EBITDA.
Syensqo Acquires Azerys, a Natural Rosemary Extraction Company
Syensqo has completed the acquisition of a controlling stake in Azerys, a specialist in rosemary extraction with assets in El Jadida, Morocco.
Kemira Acquires Norit’s UK Reactivation Operations
In a move to enter the activated carbon market for micropollutants removal, Finnish chemicals company Kemira has agreed to purchase Norit’s UK reactivation business from Purton Carbons. The deal is expected to close in the third quarter of2024. Financial details of the deal were not disclosed.
SK Bioscience Acquires Majority Stake in IDT Biologika
South Korea-headquartered contract development and manufacturing organization (CDMO) SK Bioscience plans to acquire a 60% stake in IDT Biologika, a German CDMO specialized in vaccines, gene and immune therapy and oncolytic viruses, from Klocke Group. Klocke will retain a 40% stake in IDT Biologika and thus remains the company's second-largest shareholder.
AbbVie Acquires Celsius Therapeutics
AbbVie has acquired Celsius Therapeutics, a privately held biotechnology company developing new therapies inflammatory diseases, for $250 million in cash. The transaction is subject to certain customary adjustments.
CatSci Acquires Chromatography Provider Reach Separations
In a move to enhance its chemistry, manufacturing and controls (CMC) capabilities, UK-based process research and development contract research organization (CRO) CatSci has acquired chromatography provider Reach Separations. Financial details of the transaction were not disclosed.
DuPont to Acquire Donatelle Plastics
DuPont has signed an agreement to acquire US medical device contract manufacturer Donatelle Plastics. The transaction is expected to close in the third quarter 2024, subject to satisfaction of customary closing conditions and receipt of regulatory approvals. Financial details of the deal were not disclosed.
Dow Acquires Polyethylene Recycler Circulus
Dow has signed an agreement to acquire US company Circulus, a recycler of plastic waste into post-consumer resin (PCR). The transaction includes two facilities, one in Ardmore, Oklahoma, and another in Arab, Alabama, with a total capacity of 50,000 metric tons per year. Dow expects the transaction to close in the third quarter of 2024, subject to customary regulatory approval.
Shin-Etsu Chemical Offers $431 Million for Mimasu Semiconductor Industry
Japan’s Shin-Etsu Chemical has made an offer to acquire all of the shares in its affiliate Mimasu Semiconductor Industry for ¥68.0 billion (approximately $430.9 million). Shin-Etsu will raise its stake in Mimasu to 100% from the current 43.87%. The tender offer will begin on June 21, with the aim of closing by the end of Aug. 5.
Siegfried to Buy Early-Phase CDMO Site from Curia
Zofingen, Switzerland-based contract development and manufacturing organization (CDMO) Siegfried has signed a binding agreement to acquire an early-phase CDMO site in Grafton, Wisconsin, US, from Curia. The transaction is expected to close by July 1, subject to customary closing conditions.
Biesterfeld Acquires South African Composite Technology Provider Aerontec
In a move to continue its geographical expansion, Hamburg-based German distributor Biesterfeld has acquired Aerontec, a South African supplier and distributor of advanced composite materials and related technology.
Wacker Buys Manufacturing Assets and Know-how of Bio Med Sciences
In a move to expand its expertise and business in silicone-coated healthcare products, Germany’s Wacker Chemie has acquired the manufacturing assets and know-how of US-based Bio Med Sciences. As part of the acquisition, a majority of Bio Med Sciences’ workforce will also move to Wacker, the company said. Financial details of the transaction were not disclosed.
LyondellBasell Completes Acquisition of 35% Stake in Natpet from Alujain
LyondellBasell (LYB) has completed the acquisition of a 35% interest in Saudi Arabia-based National Petrochemical Industrial Company (Natpet) from Alujain. The transaction was announced in January of this year.
ConocoPhillips to Acquire Marathon Oil
US oil and gas giant ConocoPhillips has reached a definitive agreement to acquire Marathon Oil for $22.5 billion, including net debt of $5.4 billion. The transaction, which is subject to the approval of Marathon Oil stockholders, regulatory clearance and other customary closing conditions, is expected to close in the fourth quarter of 2024.
MSD to Acquire EyeBio for up to $3 Billion
US drugmaker Merck & Co. (MSD) has agreed to acquire privately held ophthalmology-focused biotechnology company Eyebiotech (EyeBio).
J&J Acquires Rights to Numab's Bispecific Antibody NM26
US healthcare giant Johnson & Johnson (J&J) agreed to acquire Yellow Jersey Therapeutics (YJT) from biotechnology company Numab Therapeutics in an all-cash transaction valued at approximately $1.25 billion, giving it worldwide rights to the novel, investigational bispecific antibody NM26.
Biogen Acquires Human Immunology Biosciences
Biogen and Human Immunology Biosciences (HI-Bio), a privately-held clinical-stage biotechnology company focused on targeted therapies for patients with severe immune-mediated diseases (IMDs), have entered into a definitive agreement. Biogen has agreed to acquire HI-Bio for $1.15 billion (€1.06 billion) upfront and up to $650 million (€600.5 million) in potential milestone payments.
Versalis SpA – Eni
Gilead Sciences, Inc.
Alantra
Bilfinger SE
Krahn Chemie
Honeywell GmbH
A.T. Kearney GmbH
Honeywell International Inc.
Cabot Corporation
Arkema
Pricewaterhouse Coopers
AkzoNobel
Novartis International AG
Evonik Industries AG
Umicore AG & Co. KG
Perstorp Holding AB
Symeres
Deloitte
Süd Chemie
Wacker Chemie
The Dow Chemical Company
Camelot Management Consultants AG
Jazz Pharmaceuticals, plc
Immedica Pharma AB
Nouryon
Biogen Inc.
Antwerp Port Authority
H.Essers
Solvay
Rhodia Europe
Novo Nordisk A/S
The Valence Group
AstraZeneca
Aditya Birla Group
Henkel AG & Co. KGaA
H.B. Fuller Company
Ter Hell & Co. GmbH
PPG
Johnson Matthey
OneSource Specialty Pharma Limited
F. Hoffmann-La Roche Ltd
Zeta GmbH
Azelis Corporate Services NV
CHEManager c/o Wiley-VCH Verlag
KPMG AG Wirtschaftsprüfungsges.
Oxea
Bakelite Synthetics
Simon-Kucher & Partners Strategy & Marketing Consultants GmbH
Kemira Oyj
Covestro