Chemicals sector comment – June 2013

Dato

Croda International plc has completed the acquisition of the Specialty Products business of US company Arizona Chemical.

The acquisition will add a portfolio of class leading oil gelling polymers to Croda’s business and will further expand its footprint in the polymers arena. The acquired business’s products use naturally derived polyamides with high bio-renewable content, covered by a range of patents and as such will also enhance Croda’s leading position in specialty chemicals derived from natural resources.

No manufacturing assets have been acquired as part of the transaction and Croda will immediately commence the relocation of products to its Mevisa manufacturing site in Spain. The products will be re-launched with new trade names and marketing identities.

This acquisition is in line with Croda’s strategy to purchase assets with complementary technologies.

Deals

BASF AG subsidiary BASF New Business GmbH has acquired Deutsche Nanoschicht GmbH, a developer of an innovative process for producing thin films by means of chemical solution deposition. For BASF, the acquisition is a major step forward in developing their E-Power Management growth field which will enable the company to strengthen their position in the energy and resources growth market.

The Valspar Corporation is to acquire Inver Holdings Srl, an Italian head-quartered manufacturer of liquid and powder coating products as well as resins used in industrial applications. The acquisition will expand Valspar’s technologies and services offerings and strengthens their position in the European coatings market.

Domo Chemicals NV has acquired the Engineering Plastics division of Aquafil SpA. The acquisition will strengthen Domo’s global footprint and will enable the company to better serve its customers worldwide.

Von Roll Holding AG has acquired Albesiano Sisa vernici Srl, a specialist liquids / resin and varnish manufacturer. Already strong in liquids, the acquisition is in line with Von Roll’s corporate strategy for focusing on its core businesses in the future.

Magnum Capital Industrial Partners SL is to acquire Iberchem SA, a Spanish fragrance company. The transaction provides an exit for Alianza Capital SA and the management team.

ZM Advisory AG along with co-investors has acquired a majority stake in Schaetti Holding AG, a manufacturer of thermoplastic powder and granulates with production facilities in Germany and China. The new investors will provide Schaetti with strong industrial partners who will join the management team in continuing to pursue its international growth strategy.

Ineos Barex AG has acquired Mitsui Chemicals Inc.’s polyacrylonitriles business. The acquisition brings together complementary capabilities and synergies of both businesses and secures the long term supply of PAN resin and Zexlon™ film to Mitsui customers across Asia.

Croda International plc has completed the acquisition of Arizona Chemical Ltd’s Specialty Products business, which produces naturally derived polyamides with high bio-renewable content. The acquisition adds a portfolio of class leading oil gelling polymers to Croda’s business and further expands its footprint in the polymers arena, whilst strengthening Croda’s leading position in specialty chemicals derived from renewable sources.

Stepan Company is to acquire Bayer MaterialScience AG’s North American Polyester Resins business which produces Powder Polyester Resins for metal coatings applications in NAFTA and Liquid Polyester Resins for CASE (coatings, adhesives, sealants and elastomers) applications globally. The acquisition will significantly expand Stepan’s polyol product offering and accelerate their efforts to grow in CASE and PUSH (Polyurethane Systems House) applications.

HIG Europe’s portfolio company Haltermann Holdings GmbH has acquired Petrochem Carless Holdings Ltd (PCL), a UK-based refiner and producer of hydrocarbon chemicals. Together the combined companies will form a significant player in the European hydrocarbon speciality landscape.

Lucas Meyer Cosmetics, a subsidiary of Unipex Group, has acquired Southern Cross Botanicals, a developer of innovative botanical ingredients derived from Australian native plants. The acquisition will expand the Lucas Meyer Cosmetics product line and is line with corporate strategy which is focused on innovation and client satisfaction.

Clariant AG has acquired Champion Technologies Inc’s Deep Water Guld of Mexico assets. The divestment of the assets by Ecolab was a prerequisite by the US Department of Justice for the approval of the acquisition of Champion Technologies and is line with Clariant’s strategy to further expand its deep water operation in the region and globally.

Lanxess AG has acquired PCTS Speciality Chemicals Pte Ltd, a Singapore based manufacturer of biocides for environmentally friendly water-based paints that meet stringent health and safety, as well as environmental standards. Through the acquisition Lanxess is now one of the leading suppliers of biocides for paints and coatings in the rapidly growing Asia Pacific region.

Arkema Group SA has acquired a majority stake in AEC Polymers SA, a French manufacturer of structural adhesives which recently developed a range of methacrylate glues based on Arkema technology. The acquisition demonstrates Arkema’s strategy to expand in high added value specialty chemicals, in particular composite materials and advanced materials.

Clariant AG has acquired the nano-silver ink technology platform developed under the trademark Bayink® from Bayer AG. The transaction comprises all patents, know-how and materials related to Bayer’s nano-silver ink technology and will strengthen Clariant’s portfolio of new materials for the electronics and energy markets.