Syngenta Acquires Australian Weed Management Specialist
Syngenta Crop Protection has bought Macspred Australia, a specialist in weed management for the forestry, roads, rail, utilities and infrastructure sectors.
Mergers & Acquisitions (M&A)
DSM in Talks to Take Adare Biome
DSM is in exclusive talks with US CDMO Adare Pharma Solutions to buy Adare Biome, a French developer and manufacture of postbiotics, for €275 million.
Azelis Expands in Brazil with Vogler Buy
Azelis has agreed to acquire the majority shares of Brazilian specialty distributor Vogler Ingredients. Vogler is active in the food & nutrition and animal nutrition markets and employs 130 people servicing 2,300 customers, including many of the region’s largest food and animal feed producers.
Plaskolite Buys Trinseo’s Mexico Facility
Plaskolite, a US producer of engineering thermoplastics, has agreed to buy a facility in Mexico that specializes in manufacturing cell cast acrylic sheet from Trinseo. The deal, which is expected to close in the next few weeks, includes the land, buildings and equipment – financial terms were not disclosed.
IMCD Takes India’s Tradeimpex
IMCD India has agreed to buy Tradeimpex Polymers (India), a distributor of high-performance polymers and engineering plastics. The transaction is expected to close during the second quarter of 2023.
Clariant Closes Sale of Land Oil Business to Dorf Ketal
Clariant closed on Apr. 3 the sale of its North American land oil business to Indian specialty chemicals manufacturer Dorf Ketal for $14.5 million. The Swiss group said the divestment is a further step to structurally improve its portfolio and sustainability profile.
Hasa Boosts Pool Chemicals with Orenda Buy
Hasa, a US producer and distributor of water treatment products, has acquired Orenda Technologies, a compatriot manufacturer of eco-friendly specialty pool chemicals. Financial terms of the deal were not disclosed.
Cinven to Buy MBCC Admixture Assets from Sika
Private equity investor Cinven is acquiring MBCC Group’s admixture business from Swiss construction chemicals major Sika on the rebound. Earlier, the British Competition and Markets Authority (CMA) had turned thumbs down on plans to sell the business to Ineos, citing antitrust concerns.
Stahl Closes ICP Industrial Solutions Buy
Dutch coatings technology specialist Stahl has completed the acquisition of ICP Industrial Solutions Group (ISG). The major producer of high-performance coatings for packaging and labeling applications is a division of Innovative Chemical Products (ICP).
Albaugh Acquires Corteva’s Glyphosate Business
US agrochemicals company Albaugh has acquired DuPont spinoff Corteva Agriscience’s straight-goods glyphosate business for an undisclosed sum. The deal is for intangible assets only, such as trade names, registrations, regulatory data, formulations, patents and know-how used worldwide, excluding Argentina.
Chemicals M&A Review 2022 and Outlook 2023
2021 was historic for chemical M&As, it was a record-breaking year in terms of total value of deals. Therefore, it was expected that 2022 would only build upon this. However, the combination of high interest rates, supply chain bottlenecks and geopolitical instability saw both the number and value of deals take a significant hit throughout 2022.
LyondellBasell to Acquire Mepol Group
LyondellBasell has entered into a definitive agreement to acquire Mepol Group, a manufacturer of recycled, high-performing engineering compounds based in Italy and Poland.
Archroma Integrates Acquired Huntsman Assets
With the completion of its acquisition of Huntsman Textile Effects on Feb. 28, Swiss specialty chemicals producer Archroma, a portfolio company of US private investment firm SK Capital Partners, has revamped its operational structure.
Croda Acquires South Korean Biotech Firm
UK specialty chemicals company Croda International has agreed to buy Solus Biotech, a South Korean company specializing in ceramide and phospholipid technologies and with emerging capabilities in natural retinol. The purchase price is about £232 million on a debt-free, cash-free basis.
Amgen-Horizon Deal under Intense Scrutiny
Amgen’s proposed acquisition of Horizon Therapeutics for $28.7 billion, including debt, would be the largest healthcare deal since AstraZeneca’s $39 billion purchase of Alexion in 2021, if it goes ahead. As such, it is under intense scrutiny.
Colorcon to Acquire Healthcare Packaging Firm Airnov
Colorcon, a US-based globally active manufacturer of pharmaceutical film coatings and specialty excipients, has signed a Put agreement to purchase Airnov Healthcare Packaging from compatriot private equity firm Arsenal Capital Partners.
Azelis Acquires Israel’s Lidorr
In its second acquisition of the year so far, Azelis has agreed to buy Lidorr Elements, a leading Israeli specialty chemical distributor active in the crop protection, industrial materials and care & nutrition markets.
Maire Tecnimont Takes Majority of Conser
Through subsidiary NextChem Holding, Maire Tecnimont is taking an 83.5% stake in Italian technology licensor and process engineering design company Conser, expanding its portfolio into high-value specialty chemicals and biodegradable plastics.
Sun Pharma Boosts Dermatology Offering with Concert Buy
Indian drugmaker Sun Pharmaceutical Industries is to buy US biotech Concert Pharmaceuticals, gaining access to the latter’s lead product candidate deuruxolitinib for treating an autoimmune dermatological disease.
Sanofi Strengthens Venture Capital Budget
As well as serving as a financial partner to fledgling companies, the VC fund supports future efforts for business development and M&A opportunities within its own operations, Sanofi said. The fresh capital injection will also fuel the expansion and investment capacity of its own investment team on a global scale.
Ineos to Acquire MBCC’s Admixtures Business
Ineos Enterprises has signed an agreement to buy MBCC Group’s admixture business from Sika. The deal is required by European antitrust regulators to approve Sika’s purchase of the MBCC Group, formerly BASF Construction Chemicals. The transaction is scheduled to complete in the first half of this year, subject to regulatory approvals.
Fluid Energy Sells Acid Business to Dorf Ketal
Canada’s Fluid Energy Group has sold its global modified and synthetic acid business, including the Triton industrial business, to Dorf Ketal FZE, a wholly owned subsidiary of Dorf Ketal Chemicals India, for an undisclosed sum.
Azelis Acquires Benelux Distributor Smoky Light
Specialty chemicals and food ingredients distributor Azelis has acquired 100% of Benelux smoke ingredients distributor Smoky Light.
Nouryon Closes ADOB Acquisition
Nouryon announced on Jan. 4 that it had closed its purchase of ADOB, a Poland-based supplier of chelated micronutrients, foliars and other specialty agricultural solutions.
Brenntag and Univar Call off ’Engagement’
German distribution giant Brenntag is retreating from plans to acquire US rival Univar. The company said in an ad hoc statement that it is “no longer pursuing these discussions.”
Synthomer Sells Laminates, Films and Fabrics to Surteco
UK chemicals company Synthomer is selling its laminates, films and coated fabrics businesses to Germany’s Surteco Group for $255 million. The sale is part of Synthomer’s realignment of its portfolio to focus on specialty chemicals.
Takeda Takes Nimbus Lakshmi for $4 Billion
Japanese pharma Takeda is acquiring Nimbus Lakshmi, a wholly-owned subsidiary of US clinical-stage drug discovery company Nimbus Therapeutics, and its tyrosine kinase 2 (TYK2) inhibitor NDI-034858, which is undergoing trials for treating multiple autoimmune diseases, including psoriasis.
Amgen Boosts Rare Diseases with Horizon Buy
Amgen has agreed to buy Horizon Therapeutics for $28.3 billion including debt, boosting its portfolio of drugs for rare autoimmune and inflammatory diseases and beating rivals Sanofi and Johnson & Johnson, as well as a fourth unnamed company.
Novozymes and Chr. Hansen to Merge
Danish companies Novozymes and Chr. Hansen have agreed to merge, in a move they termed a perfect match that will create a global leader in biosolutions.
Saudi’s Dussur Buys into Italmatch Chemicals
Dussur, the Saudi Arabian Industrial Investments Company, has agreed to buy a stake in Italian specialty additives manufacturer Italmatch Chemicals from private equity group Bain Capital. The Riyadh-based group will also invest €100 million in Italmatch as a capital increase.
Germany’s Merck Buys Erbi Biosystems
Germany’s Merck has acquired Erbi Biosystems, a developer of the 2 ml micro-bioreactor platform technology known as the Breez. Financial terms were not disclosed. The company is based in the US state of Massachusetts.
Reaction Biology Buys Germany’s Bioassay
US contract research organization Reaction Biology has acquired German contract laboratory Bioassay Labor für biologische Analytik and its wholly owned subsidiary Peptide Specialty Laboratories (PSL).
Azelis Expands Asia-Pacific Presence with Chemiplas Acquisition
Consolidation in the distribution sector continues apace. Specialty chemicals and food ingredients distributor Azelis has entered into an agreement to take over Chemiplas, a leading distributor of specialty chemicals, plastic raw materials and ingredients in Australia, New Zealand and the Pacific Islands.
Corteva Pays $1.2 Billion for Stoller
US agricultural chemicals and seeds group Corteva has agreed to buy Stoller Group, a compatriot producer of biostimulants and plant nutrition products, for $1.2 billion in cash. The transaction is expected to close in the first half of 2023.
Elementis to Sell Chromium Business to Yildirim
UK specialty chemicals company Elementis has agreed to sell its chromium business to the Yildirim Group for $170 million. The deal values the business at 7.3 times the EBITDA posted in fiscal 2022 (30 June.)
Novartis International AG
Kearney
Accenture
Jazz Pharmaceuticals, plc
Maire Tecnimont SpA
Royal DSM N.V.
Honeywell International Inc.
Asahi Kasei Europe
Solenis LLC
Henkel AG & Co. KGaA
Brenntag SE
Roquette
CHEManager c/o Wiley-VCH Verlag
Covestro
Rhodia Europe
Merck KGaA
Lincoln International
DCAT - Drug, Chemical & Associated Technologies Association
H.B. Fuller Company
Aditya Birla Group
Sumitomo Chemical
Evonik Industries AG
Sika AG
Ofichem Group
Jungbunzlauer International AG
Safic-Alcan
Bilfinger SE
KPMG AG Wirtschaftsprüfungsges.
GlobalData
Air Liquide Deutschland GmbH
Barentz
HAS Healthcare Advanced Synthesis SA
H.Essers
Wacker Chemie
SK Pharmteco
Clariant International Ltd
Umicore AG & Co. KG
SchüllerConsulting
F. Hoffmann-La Roche Ltd
Americo Chemical Products
AbbVie Inc.
DuPont Company
Röhm GmbH
Pricewaterhouse Coopers
Krahn Chemie
Pfizer, Inc.
Oxea
WE Soda Ltd
DKSH
Solvay