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2019 Global chemical industry mergers and acquisitions outlook

2018 Rewind

  • In 2018, the largest deal was the acquisition of the specialty chemicals business of AkzoNobel, now named Nouryon
  • Speculations on the following mergers: Linde in the Americas and Praxair in Europe; state-owned SinoChem and state-owned ChemChina; LyondellBasell acquiring Odebrecht’s stake in Braskem
  • Saudi Aramco purchased LANXESS’ stake in ARLANXEO, their joint venture, for US$1.7 billion
  • UCVC partnering with Messer group to buy certain Linde assets in the Americas; and TPG partnering with ADIA and India’s United Phosphorus (UPL) to acquire Arysta Life ScienceS$1.7 billion

Mergers and acquisitions activity by chemicals sector

  • Deal activity in commodity chemicals have dropped by 10%
  • Adhesives and sealants sub-sector will see strong deal activity this year
  • M&A activity in 2019 will likely continue to target smaller, more focused portfolio rebalancing in case of agro-chemicals

 

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