Industry Update: Commodity Chemicals
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Commodity Chemicals industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- On October 18, 2022, LG Chem, Ltd. and AVEO Oncology, a commercial stage, oncology-focused biopharmaceutical company committed to delivering medicines that provide a better life for patients with cancer, announced that they entered into a definitive agreement under which LG Chem will acquire AVEO for $15.00 per share in an all-cash transaction with an implied equity value of $566 million.
- On September 26, 2022, GCP Applied Technologies, a leading global provider of construction products, announced that the agreement to be acquired by Saint-Gobain has closed. Saint-Gobain has acquired all of the outstanding shares of GCP Applied Technologies for $32.00 per share, in cash, in a transaction valued at approximately $2.3 billion.
Past Industry Updates
Commodity Chemicals: August 2022
Commodity Chemicals: April 2022
Commodity Chemicals: February 2021
Commodity Chemicals: October 2020