Industry Update: Specialty Chemicals

VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the Specialty Chemical industry including recent transactions, market multiples, company performance and purchase price allocation percentages.

Read the full report: Specialty Chemicals: October 2019

October 2019 Industry Highlights

  • On October 1, 2019, Quaker Houghton closed its previously announced acquisition of the operating divisions of Norman Hay plc, a private UK company that provides specialty chemicals, operating equipment, and services to industrial end markets, for approximately $98 million. The purchase price represents approximately a 7.1x multiple based on the projected 2019 EBITDA.
  • On September 30, 2019, Huntsman Corporation completed its previously announced acquisition of the remaining 50% interest in the SasolHuntsman maleic anhydride joint venture. Huntsman paid Sasol approximately $100 million, which includes acquired cash net of any debt and is subject to post-closing adjustments.
  • On September 16, 2019, Axalta Coating Systems, a global leader in the manufacturing of liquid and powder coatings, announced it had entered into a definitive agreement to acquire Capital Paints for an undisclosed amount. This will expand Axalta’s footprint in the Middle East and North Africa.
  • Read the full October 2019 Specialty Chemicals industry report.

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