LONDON (ICIS)--ICIS Chemical Business magazine has introduced the ICIS Top Mergers & Acquisitions (M&A), a listing of the most important deals in the global chemical sector – changes in control that could impact supply chains.
In the 5 May issue, we cover the notable chemical transactions completed in 2013. This includes deals covered by ICIS, as well as some select additions.
Deal prices are included where disclosed, along with sales of the target business.
Download the ICIS Top M&A listing by clicking here (registration required).
“It isn’t easy keeping track of all the changes in the chemical industry, especially as the years go by,” said Joseph Chang, global editor of ICIS Chemical Business.
“Once there were companies such as ICI, Arco Chemical, Quantum Chemical, Ciba Specialty Chemicals, Hercules and ISP. In today’s M&A market, it’s less about the big takeovers and more about selling off pieces of portfolios,” he added.
ICIS Chemical Business breaks out ICIS Top M&A listing in three ways - by date completed, by purchase price, and by sales of the target business.
In the listing, we exclude fertilizers and industrial gases transactions, yet include packaging and chemical distribution.
“So far in 2014, private equity is the emerging story, as more of these buyers compete for chemical assets,” said Chang. “Bountiful private equity capital, and cheap and available financing are driving deals.”
Oilfield chemicals is a hot sector, as players including Europe-based chemical companies, “seek to grab a piece of the shale action through acquisitions”, noted Will Beacham, deputy editor of ICIS Chemical Business.
Among the deals closed in 2013, we have chosen Oman Oil Company’s acquisition of oxo-alcohols producer Oxea from Advent International as the ICIS Deal of the Year.
Oxea has 1.3m tonnes/year of oxo products capacity and generated sales of €1.5 billion in 2013.
In the 5 May issue, ICIS Insight editor Nigel Davis interviews Oman Oil Company’s executive vice president of its downstream business, Philippe Raynaud de Fitte, on its expansion plans involving the Oxea assets.
ICIS Chemical Business
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