• has been sold to

    The Valence Group acted as financial advisor to Niacet

    The Deal

    SK Capital is recapitalizing Niacet in partnership with Kelly Brannen, who will continue to serve as CEO and retain a significant stake in the Company. The transaction follows nearly four decades of Brannen family ownership after the purchase of Niacet from Union Carbide in 1978, during which time the Company grew significantly to become the worldwide leader in its core products.

    Niacet is a leading producer of organic salts, including propionates and acetates, serving the food, feed, pharmaceutical and technical industries. With two fully automated manufacturing sites, located in Niagara Falls, NY and Tiel, The Netherlands, Niacet offers world-class quality products to global markets that fill vital needs in a broad range of applications that are essential to everyday life including food preservation, antibiotic formulation, dialysis treatment and energy production.

  • sold

    to

    The Valence Group acted as
    financial advisor to Safripol

    The Deal

    The Valence Group has advised Safripol Holdings Proprietary Limited (“Safripol”) on its sale to KAP Industrial Holdings Limited (“KAP”) for an enterprise value of ZAR4.1bn (c. US$310m).
    This successful intra-Africa sell-side transaction highlights the truly global nature of The Valence Group’s reach and capabilities.

  • has been sold to

    The Valence Group acted as
    financial advisor to Canexus

    The Deal

    The Valence Group has advised Canexus Corporation (TSX: CUS) on its sale to Chemtrade Logistics Income Fund (TSE: CHE.UN) for cash consideration of C$1.65 per common share, equivalent to an enterprise value of approximately C$900 million.
    The transaction, which has been unanimously approved by the Canexus Board of Directors, is structured as a Plan of Arrangement and is subject to regulatory and shareholder approval, as well as other customary closing conditions.
    Canexus is recommending shareholders vote in favor of the transaction and closing is expected before the end of April 2017.
    The Valence Group also provided a fairness opinion to the Board of Directors of Canexus.

  • has sold

    to

    The Valence Group acted as
    financial advisor to Dow

    The Deal

    The Valence Group has advised The Dow Chemical Company on the sale of SAFECHEM Europe GmbH to CBPE Capital LLP, a London-based private equity investor.
    SAFECHEM, headquartered in Düsseldorf, Germany, provides sustainable cleaning solutions, equipment and services for metal surface and dry cleaning applications to over 5,000 customers worldwide.
    The transaction was completed on December 31, 2016. Terms were not disclosed.
    The Valence Group also acted as financial advisor to Dow on the sale of its global Sodium Borohydride business to Wind Point Partners in February 2015.

  • has sold its
    expandable polystyrene
    business to

    The Valence Group acted as
    financial advisor to INEOS

    The Deal

    The Valence Group has advised INEOS Group AG on its sale of INEOS Styrenics, a producer of high quality expandable polystyrene for the building, construction and packaging industries, to Synthos S.A., one of the largest chemical companies in Poland and the CEE region.

  • a portfolio company of

    has been sold to

    The Valence Group acted as financial advisor to Berwind

    The Deal

    The Valence Group has advised Berwind Corporation on its sale of Specialty Coating Systems to KISCO Holding, Inc., a Delaware subsidiary of KISCO, Ltd., an Osaka, Japan-based, privately held, diversified materials company.

  • has sold

    to

    The Valence Group acted as financial advisor to Arsenal

    The Deal

    The Valence Group has advised Arsenal Capital Partners on its sale of Royal Adhesives and Sealants to American Securities. Royal produces proprietary, high-performance adhesives and sealants. Financial terms of the transaction were not disclosed.
    Acquired by Arsenal in 2010, Royal has grown into a top ten global supplier of adhesives and sealants with sales in excess of $600 million annually.

  • has been sold to

    The Valence Group acted as financial advisor to Nubiola

    The Deal

    The Valence Group has advised Nubiola Group, a global producer of specialty colour pigments, on the sale of the company to Ferro Corporation. Ferro will acquire 100% of the equity of Nubiola for €146 million ($160 million).

  • has sold certain chlorvinyls businesses as a remedy to secure European Commission approval of INOVYN, their planned PVC JV, to

    The Valence Group acted as financial advisor to INEOS/Solvay

    The Deal

  • has sold its 65% interest in the Polymer Intermediates and Composite Resins businesses to

    The Valence Group acted as financial advisor to DSM

    The Deal

    The Valence Group has advised DSM on its exit from its Polymer Intermediates (Caprolactam and Acrylonitrile) and Composite Resins via the creation of a partnership with CVC

  • has sold its Sodium Borohydride business to

    a portfolio company of

    The Valence Group acted as financial advisor to Dow

    The Deal

    The Valence Group has advised The Dow Chemical Company on the sale of its global Sodium Borohydride business to Vertellus Specialty Materials LLC, a portfolio company of Wind Point Partners.

  • has sold

    to

    The Valence Group acted as financial advisor to CBPE

    The Deal

    The Valence Group has advised CBPE Capital (“CBPE”) on its sale of Warwick Chemicals to Lubrizol Corporation, a Berkshire Hathaway company, which closed on December 31, 2014.
    Headquartered in Mostyn, North Wales, Warwick Chemicals is a leading global developer, producer and supplier of stain removal technology with hygiene benefits, and has strong positions with global and regional detergent producers. Their products are an essential element in laundry detergent powders and automatic dishwashing products used across five continents and in more than 50 countries.
    Warwick Chemicals will retain its company name and will become part of Lubrizol Advanced Materials, reporting into Lubrizol’s personal and home care business. This acquisition will complement Lubrizol’s existing home care product line, strengthening its strategy of providing high-value technology solutions to its global customers.
    Financial terms of the transaction were not disclosed.

  • a portfolio company of

    has sold plastisols business to

    The Valence Group acted as financial advisor to Accella

    The Deal

    The Valence Group has advised Accella Performance Materials, Inc. on the sale of certain specialty chemical assets to PolyOne Corporation (NYSE: POL). The divested assets are a strong fit with PolyOne’s Global Color, Additives and Inks segment. Accella was acquired in 2012 by Arsenal Capital Partners.

  •                 
    

    has been sold to

    The Valence Group acted as financial advisor to HSC

    The Deal

    The Valence Group has advised on the sale of HSC Corporation, the leading Chinese producer of electrolyte additives for lithium-ion batteries, to ChangYuan Group. The transaction values HSC Corporation at RMB 900 million (circa $145 million).

    This China-to-China transaction further demonstrates the global chemicals M&A capabilities and expertise of The Valence Group.

  • has sold its compounds business to

    The Valence Group acted as financial advisor to Tessenderlo

    The Deal

    The Valence Group has acted as M&A advisor to Tessenderlo Group on the intended sale of its Compounds activities to Mitsubishi Chemicals Corporation. Terms of the transaction were not disclosed.
    Tessenderlo’s Compounds business unit employs 360 people and focuses on the formulation and production of thermoplastic elastomers (TPE) and PVC compounds for the building, automotive, cabling, manufacturing and footwear industries. The sale comprises four production sites in France, Poland and China, and an R&D site in Belgium.

  • has sold

    to

    The Valence Group acted as advisor to DSM/Exxon

    The Deal

    Royal DSM, the global Life Sciences and Materials Sciences company, has reached an agreement with Borealis AG for the sale of DEXPlastomers V.o.F, a 50/50 Joint Venture of DSM with an affiliate of ExxonMobil Chemical. DSM will also sell its LldPE Compact Solution Technology to Borealis. Established in 1996, DEXPlastomers is a 50/50 joint venture between DSM and Exxon Chemical Holland Ventures B.V., producing C8 plastomers and linear low density polyethylene. DSM’s LldPE Compact Solution Technology was developed in the 1960’s to produce polyethylenes in a certain density range and is instrumental to the operations of DEXPlastomers. In 2012, DEXPlastomers anticipates sales of approximately €180 million. Currently, 95 DSM employees are in the scope of the transaction. For DSM, a sale of DEXPlastomers is in line with its long-term focus of being a Life Sciences and Materials Sciences company, active in health, nutrition and materials. DSM’s 50% participation in DEXPlastomers is reported under Corporate Activitie

  • a portfolio company of

    has been sold to

    The Valence Group acted as financial advisor to Houghton

    The Deal

    Houghton International, the industrial fluids manufacturer whose European HQ is based at Trafford Park, has been acquired by Gulf Oil Corp for $1.05bn (£657m).

    Houghton's products are used in the metalworking and automotive industries.

    Its previous owner was American private equity fund AEA Investors which acquired it in 2007.

    Houghton is headquartered in Pennsylvania and has turnover of about £536m.

    Gulf Oil, based in Hyderabad, India, manufactures lubricant products for the agricultural, automotive and industrial sectors.

  •          
    
    
    

    has sold its pharmaceutical ingredients activities to

    The Valence Group acted as financial advisor to Tessenderlo

    The Deal

    Tessenderlo group sold its pharmaceutical ingredients activities, Farchemia and Calaire Chimie, to International Chemical Investors Group (ICIG), a private industrial holding company. The sale concerns two production sites in France and Italy.

    Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. International Chemical Investors Group is a privately owned industrial holding company focusing on mid-sized chemicals and pharmaceutical businesses.

    The Valence Group acted as financial advisor to Tessenderlo.

  • has been sold to

    The Valence Group acted as financial advisor to IGM Resins

    The Deal

    The Valence Group has advised IGM on the sale of the company to NY-based private equity firm, Arsenal Capital, that specializes in making investments in middle market specialty industrial, healthcare and financial services companies. The terms of the transaction were not disclosed.
    IGM is privately held and produces specialty chemicals for the global UV inks and coatings industry. Its products include monomers, oligomers, photoinitiators, additives and customized specialty compounds. The company was founded in 1999 and is based in Waalwijk, Netherlands, with offices and production facilities in Europe, US, South America and China. In 2012, the company is expected to generate sales of approximately €100 million.

  • has sold its Tin Stabilizer Business to

    The Valence Group acted as financial advisor to Arkema

    The Deal

    The Valence Group advised Arkema on its the sale of its tin stabilizer business to PMC Group, headquartered in Mount Laurel, NJ, a manufacturer of performance chemicals and plastics. This proposed divestment of organometallic products includes Thermolite® tin stabilizers, Fascat® catalysts, and fine chemicals. Arkema’s proactive management team continues to demonstrate its commitment to portfolio optimization via a program of acquisitions and divestments to refocus its activities on fast growing core specialty businesses.

    Based on tin chemistry, Thermolite® heat stabilizers are used in PVC production, much of which is used in the construction sector, while Fascat® catalysts are used in automotive specialties and other applications. With a presence across the United States, Europe and Asia, the business reported revenue of approximately €180 million.

  • and

    have sold

    to

    The Valence Group acted as financial advisor to Arsenal

    The Deal

    The Valence Group has advised Arsenal Capital on the sale to BASF of Novolyte, a leading global producer of electrolyte materials for lithium batteries and high-performance solvents. The sale includes Novolyte's joint venture with Foosung, a leading global fluorine chemistry company and high purity lithium salts producer based in South Korea. The terms of the transaction were not disclosed.

    Novolyte is a leading manufacturer of specialty electrolyte materials, high performance solvents, aryl phosphorus derivatives and technically demanding custom manufactured products. The Company's energy storage products include electrolytes and materials used for lithium batteries, ultracapacitors and other energy storage devices.

    These products are an integral part of lithium batteries for hybrid electric (HEV) and electric vehicles, as well as for high-end portable electronic devices. The Company’s performance solvent products include glymes, acetals, aprotic ethers, and green and specialty solvents. These solvents are used in a broad range of applications from cancer treatment drugs to specialized processes such as gold recovery. Novolyte has two state-of-the-art manufacturing plants in Baton Rouge, Louisiana and Suzhou, China.

  • has been sold to

    The Valence Group acted as independent advisor to the Board of Directors of Solutia

    The Deal

    The Valence Group acted as independent advisor to the Board of Directors of Solutia (NYSE:SOA) in relation to the acquisition of Solutia by Eastman Chemical Company (NYSE:EMN), as announced on January 27, 2012.

  • has sold

    to

    The Valence Group acted as financial advisor to TA

    The Deal

    The Valence Group advised TA Associates, a Boston-based private equity firm, on the sale of its portfolio company, Microban, a world leader in the provision of branded antimicrobial ingredients, to W.M. Barr. The terms of the transaction were not disclosed.

    Microban engineers durable antimicrobial solutions for consumer, industrial and medical products around the world. W.M. Barr produces specialty cleaning products serving consumer and industrial customers in the home improvement, household and automotive industries.

    We are delighted to have been involved in the sale of this premier and fast-growing specialty chemical company operating in one of the most attractive sub-sectors of the industry, said The Valence Group partner, Joshua Hay.

    Telly Zachariades, co-founder and partner at The Valence Group, added: This transaction continues our strong performance of 9 announced transactions in 2011 and firmly establishes Valence as the most active M&A advisor in the chemicals and material industry by some distance

  • has sold

    to Dynaplast Management

    The Valence Group acted as financial advisor to Tessenderlo

    The Deal

    Dynaplast-Extruco was formed in 2001 by the merger of two existing companies that were established in 1988 and 1989. Management bought Dynaplast-Extruco from Tessenderlo in 2011.

    The Valence Group acted as Financial Advisor to Tessenderlo.

  • has sold

    to

    The Valence Group acted as financial advisor to Tessenderlo

    The Deal

    Tessenderlo Group (NYSE Euronext: TESB) sold its subsidiary Chelsea Building Products Inc. (US) to Graham Partners, a US-based, privately-held investment company. The Valence Group provided M&A advisory services to Tessenderlo on the transaction.

    Chelsea Building Products designs and produces PVC profiles for windows and doors and specialty products for the US remodeling and new construction market.

    Peter Hall, Partner at The Valence Group said: This is the third divestiture on which we have advised Tessenderlo in 2011. Were pleased to have been able to play a continuing role in supporting the Tessenderlo team as they reconfigure their portfolio.

  • has sold its PVC and Chlor-Alkali business to

    The Valence Group acted as financial advisor to Tessenderlo

    The Deal

    The Valence Group has successfully advised Tessenderlo Group (NYSE Euronext: TESB) on its sale of the PVC and Chlor-Alkali activities to INEOS subsidiary Kerling.

    Kerling, through its INEOS ChlorVinyls business, will purchase Tessenderlo Groups PVC activities, including VCM, Chlor-Alkali and part of Organic Chlorine Derivatives. Besides the major plant at Tessenderlo in Belgium, the production plants in France (Mazingarbe) and the Netherlands (Beek and Maastricht) are involved. These businesses employ about 850 people. This transaction is subject to European merger control approval.

    The purchase price is 110 million Euros on a cash-free, debt-free basis.

    Frank Coenen, CEO of Tessenderlo Group, emphasised that INEOSChlorVinyls will be an excellent owner of these activities: In light of our announced strategy - focusing on specialities - we looked for a long time for the right home for these businesses. Our well-invested assets together with our highly competent workforce are both strengths that were recognized by INEOSChlorVinyls. As a European leader, INEOSChlorVinyls is well placed to offer these businesses the best possible growth opportunities.

  • has sold its 50% ownership interest in SunBelt Chlor Alkali Partnership to

    The Valence Group acted as financial advisor to PolyOne

    The Deal

    The Valence Group has advised PolyOne Corp (NYSE:POL) on the successful sale of its 50% interest in SunBelt Chlor Alkali Partnership to Olin Corporation.

    SunBelt, a chlor alkali manufacturer, is a 50/50 joint venture formed in 1996 between PolyOne (formerly The Geon Company) and Olin. PolyOnes stake in SunBelt was sold to Olin for $175 million, including $132 million in cash and the assumption of PolyOnes guarantee of $43 million of SunBelt debt, with an additional earn out over the next three years if certain performance metrics are achieved. I am pleased with the completion of this strategic win / win transaction for both Olin and PolyOne, said Stephen D. Newlin, chairman, president and chief executive officer of PolyOne. I would like to thank Olin for the many years of cooperative partnership we have enjoyed together and wish them well as they integrate SunBelt into their operations. Newlin added, For PolyOne, the sale of SunBelt represents another step in our transformation and portfolio repositioning as we intend to use the proceeds to accelerate specialty platform growth.

    Mr. Newlin added: I would also like to thank The Valence Group for their support and counsel on this transaction. They are a highly valued M&A adviser to PolyOne, we have worked with the principals of The Valence Group in the past (most notably on the GLS acquisition) and we look forward to working with them in the future as we grow our specialties businesses.

    Telly Zachariades, Partner, commented: PolyOne is a core and long-standing client. We are very grateful for the opportunity to work with such an outstanding management team.

    PolyOne Corporation, with 2010 revenues of $2.6 billion, is a premier provider of specialized polymer materials, services and solutions. Headquartered outside of Cleveland, Ohio USA, PolyOne has operations around the world.

  • has sold its Fine Chemicals business to

    The Valence Group acted as financial advisor to Tessenderlo

    The Deal

    The Valence Group has successfully advised Tessenderlo Group (NYSE Euronext: TESB) on its sale of Tessenderlo Fine Chemicals (TFC, Ltd) to Tennants Consolidated Ltd., a leading UK privately held chemical manufacturing and distribution group.

    Frank Coenen, Tessenderlo Group CEO, said This transaction represents a step forward in our strategy of reshaping the groups activities. The group will continue its focus on specialty products and services, especially sustainable products made from by-products of other industries. Mr. Coenen went on to say, The advice we received from the Valence Group was particularly important as we considered this sale. Their expertise in chemical industry mergers and acquisitions proved to be extremely valuable.

    Ariel Levin, Partner, said: We are very excited to be working with the Tessenderlo Group and proud to have played a role in this transaction. Our successful relationship is further evidence that The Valence Group remains the premier advisor to the global chemicals industry.

  • has sold its Building Block Chemicals division to

    The Valence Group acted as financial advisor to Cytec

    The Deal

    The Valence Group has successfully advised Cytec Industries, Inc. (NYSE: CYT) on the sale of its Building Block Chemicals Business , with 2010 sales of $600 million, to an affiliate of HIG Capital, LLC. Total consideration to be received of $180 million includes cash consideration of $165 million at closing and a Note for $15 million. The sale is subject to customary closing conditions.

    The Building Block Chemicals product lines include acrylonitrile, sulfuric acid and melamine which are produced mostly for third party sale.

    Telly Zachariades, Partner added: Working with a leading global specialty chemical company like Cytec is extremely gratifying. This is a significant transaction in the development of The Valence Group and evidence of our continuing increase in stature and market presence in the industry.

    Cytec Industries, Inc. (NYSE: CYT) is a publicly traded specialty chemical and material technologies company serving a diverse range of end markets including aerospace composites, structural adhesives, automotive and industrial coatings, chemical intermediates, electronics, inks, mining and plastics.

  • has sold substantially all its assets to

    The Valence Group acted as financial advisor to Vertex

    The Deal

    The Valence Group has successfully advised the Vertex Chemical Corporation on its definitive agreement to sell substantially all the assets of Vertex Chemical Corporation and its affiliates to Hawkins, Inc.

    Michael H. Moisio, Chairman of Vertex commented, "My wife, Lee, and I have operated this family business for the last 32 years and we are very pleased with the opportunity for the Vertex business to increase its growth within the Hawkins organization. We have known and respected Hawkins and its management team for many years. Hawkins has a similar culture to that of Vertex, placing high value on quality and complete customer satisfaction. Both companies are committed to a seamless transition for our customers, suppliers and employees." Mr. Moisio added, "The advice and guidance we received from The Valence Group, which had been recommended for their unmatched expertise in the field of chemical mergers and acquisitions, greatly facilitated this process for us. We relied on the informed direction and support which The Valence Group provided in this successful transaction."

  • has sold its Citric Acid business (Citrique Belge) to

    The Valence Group acted as financial advisor to DSM

    The Deal

    The Valence Group announces that it has successfully advised Royal DSM N.V., on the sale of Citrique Belge to Adcuram.

    Both parties have agreed not to disclose financial details at this time.

    Kirk McIntosh, Partner, said: We are very excited to be working with DSM and proud to have played a role in their strategic realignment. Our successful relationship is further evidence that The Valence Group remains the premier advisor to the global chemicals industry

  • has sold the Aluminum Hot Rolling Oil Business of

    to

    The Valence Group acted as financial advisor to Houghton

    The Deal

    Quaker Chemical Corporation (NYSE: KWR) announced it has acquired D.A. Stuart's U.S. aluminum hot rolling oil business from Houghton International, including the rights to sell the product portfolio internationally. With this acquisition, Quaker becomes a leading player in the US aluminum hot rolling market, serving some of the largest reversing mills, single and multi-stand tandem finishing mills, and combination mill systems in the country. The acquired business had net sales in 2009 of approximately US$7 million.

    The Valence Group acted as financial advisor to Houghton

  • has sold its UV Acrylates business to

    The Valence Group acted as financial advisor to Cognis

    The Deal

    Cognis (Monheim, Germany) has signed an agreement to sell its UV acrylates business to IGM Resins (Waalwijk, The Netherlands), a supplier of UV curing resins products. Financial terms were not disclosed.

    The Valence Group (London) acted as Cognis's exclusive financial advisor on the transaction. Cogniss UV acrylates business manufactures and sells monomers and oligomers for UV applications marketed under the Photomer brand name. The deal includes the sale of Cogniss Photomer trademarks, intellectual property, inventory, and the firms Charlotte, NC manufacturing site. The manufacturing employees at the site in Charlotte, as well as several business-related employees in the U.S., France and Asia, will be transferred to the new owner, Cognis says. The acquisition of the Photomer UV acrylates business complements and strengthens IGM Resins position as a fully integrated leading supplier of raw materials to the radiation curing industry globally and is a significant boost for our business, says John Huiberts, CEO of IGM Resins. The Photomer business has a strong market position globally and is a highly respected brand, and it is IGM Resins aim to further develop and strengthen that position, he says. The UV acrylates business is part of Cognis Functional Products strategic business unit. The sale is in line with Cognis strategy to focus on its core businesses and product groups supporting the wellness and sustainability trends, Cognis says.

Deals

Niacet sold to SK Capital
Safripol sold to KAP
Canexus sold to Chemtrade
Dow sells Safechem
INEOS Styrenics sold to Synthos
Berwind sold to Kisco
Arsenal Capital sells Royal
Arsenal Capital sells Royal
Nubiola sold to Ferro
Ineos & Solvay sell Chlorvinyls Businesses
DSM sells part of its Polymer Intermediates and Composite Resins businesses to CVC
Dow sells Sodium Borohydride business to Vertellus
CBPE sells Warwick to Lubrizol
Accella has sold its plastisols business to PolyOne
HSC sold to ChangYuan Group
Tessenderlo sell Compounds Business to Mitsubishi
DSM sells DEXPlastomers JV to Borealis
Houghton sold to Gulf
Tessenderlo Group sells pharmaceutical ingredients activities to ICIG
IGM sold to Arsenal Capital
Arkema sells tin stabilizer business to PMC Group
Arsenal Capital sell Novolyte to BASF
Solutia sold to Eastman
TA Associates sell Microban to W.M. Barr.
Tessenderlo sells Dynaplast Extruco
Tessenderlo sells Chelsea to Graham Partners
Tessenderlo sells PVC and Chlor-Alkali businesses to INEOS
PolyOne sells SunBelt Investment
Tessenderlo sells Fine Chemicals to Tennants
Cytec sells Building Block Chemicals division to H.I.G
Vertex sells assets to Hawkins
DSM sells Citrique Belge to Adcuram
Houghton sells Aluminum Hot Rolling Oil Business of Stuart to Quaker
Cognis Sells UV Acrylates Business to IGM

All Deals - Sell Side