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    Home > Chemicals Industry > Rubber Plastic News > 30.7 billion yuan!

    30.7 billion yuan!

    • Last Update: 2022-08-29
    • Source: Internet
    • Author: User
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    In just one week, another chemical M&A transaction with a transaction value of more than 30 billion yuan!

    On July 12, private equity investor Advent announced that it had signed an agreement to sell industrial coating resin manufacturer Allnex to the Thai state at a price of 4 billion euros (about 30.


    The deal is expected to close in the fourth quarter of 2021, subject to regulatory approval


    In 2013, Advent completed the acquisition of the amino resin business from Cytec and became an independent company allnex


    allnex is a manufacturer of industrial coating resins that are widely used in industrial, metal, automotive and packaging industries, including powder resins, water-based industrial resins, curable resins, and cross-linked resins


    The Asian coating resin market has strong growth potential


    M&A activity has continued to pick up this year as high demand for chemical assets and the resulting rise in deal valuations have attracted more private equity and corporate sellers


    On July 6, BASF and private equity firm Kedure AG announced the sale of Solenis, a leader in paper and water treatment chemicals, to private equity firm Platinum Capital


    Solenis has an enterprise value of $5.


    In addition, Axalta Coating Systems will acquire U-POL Holdings Limited in the United Kingdom at a price of 428 million pounds (approximately RMB 3.


    Global M&A activity broke records for two consecutive quarters in the second quarter of this year


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