Tag Archives | mergers and acquisitions

Ashland transforms with ISP acquisition

The M&A charge continues with US-based chemical company Ashland announcing its plan to acquire US-based International Specialty Products (ISP) for $3.2bn (€2.2bn). The deal further transforms Ashland into a higher-margin, higher-growth specialty chemicals leader, as the ISP transaction bolsters its offerings to the personal care, food and beverage, pharmaceutical and oilfield chemical areas. Looking at […]

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M&A animal spirits stir

Kicking off the New Year with a bang, US-based chemical major DuPont’s $6.3bn (€4.8bn) deal to acquire Danish food ­ingredients and enzymes producer Dansico sets the tone for what will be a huge year for chemical mergers and acquisitions (M&A) in 2011. If the animal spirits arising from the strong recovery can awaken even DuPont, […]

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The power of change

Transforming a business is no easy feat. First you have to recognize the necessity for change, and then comes the daunting execution, which can take years. And even after a major transformation, it can take time for people to fully appreciate the change and its implications. Take US-based specialty materials firm Solutia for instance. It […]

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It’s time to deal and refinance!

With interest rates scraping the depths and businesses hoarding record amounts of cash on their balance sheets, the time is ripe to make acquisitions as well as refinance debt to push out maturities. While refinancing debt at low rates is a no-brainer, there are plenty of pitfalls in the mergers and acquisitions (M&A) game. Already […]

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The deals are coming back!

Mergers and acquisitions in the global chemical realm are heating up, despite concerns about the European debt crisis and a slowdown in China. Last week, BASF agreed to buy German specialty chemical firm Cognis from its private equity owners for €700m ($862m), while US-based Corn Products International announced its $1.3bn acquisition of National Starch from AkzoNobel. […]

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Asia leads the Lazy-V recovery

DOW CHEMICAL CEO and Australia native Andrew Liveris coined the term Lazy-V in describing the global economic recovery on the US-based company’s fourth quarter earnings conference call. Now we’ve all heard of a V-shaped recovery, but what’s a Lazy-V? “Aussie for moderate growth,” or slow, steady progress, translates BB&T Capital Markets analyst Frank Mitsch. Looking […]

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After the tsunami comes a new wave

Few have been hit harder by the global financial and economic crisis than Japan. Its export-based economy heavily exposed to automotive and electronic goods came under severe pressure and challenges persist. However, this economic tsunami will put a charge into the pace of structural reform – it is already happening in Japan’s chemical industry with […]

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BASF moves reflect global chemical manufacturing shift

Nowhere is the global tectonic shift in chemical manufacturing more apparent than in the largest chemical company’s latest restructuring and expansion moves. Germany’s BASF, which acquired Swiss specialty chemical giant Ciba for $5.1bn in April, laid out its massive restructuring plan last week. The bottom line – 23 out of 55 acquired production sites will be […]

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Looking beyond the GM bankruptcy

The bankruptcy filing of the once dominant US auto giant General Motors (GM), though widely expected, will have ripple effects across the supply chain. Businesses will be sold off and shut down, and production will shift to smaller, more fuel-efficient cars, as GM seeks to transform itself into a leaner, more cost-competitive company. The chemical industry […]

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