October 23, 2018 | Source: ICIS News | Tom Brown
LONDON (ICIS)–Massive consolidation in the upper echelons of the chemicals industry in recent years has dramatically reduced the number of independent producers with annual revenues of over $1bn, chemical industry specialist investment bank The Valence Group said on Tuesday.
The number of large specialty chemicals companies has fallen by around 35% in under a decade due to the scale of mergers and acquisitions (M&A) activity among large-cap producers, from almost 50 to around 30 players.
That estimate excludes the agrochemicals and industrial gases markets, as inclusion would have showed an even more dramatic contraction in the number of $1bn-plus annual revenue players, Valence added.
The investment bank specialises in M&A.
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