Finance & acquisitions

Dow, DuPont target efficiency in capital allocation

The new Dow and DuPont discussed their plans for capital structure and allocation at investor events last month. DuPont, which is moving $2 billion in revenue to non-core assets, is aiming to generate $160 million in synergies over the next year chiefly from an operational improvement program in man….

Higher raw material costs, China slowdown, trade tensions hurt Japanese firms

Major Japan-based chemical companies have released their consolidated results for the fiscal first nine months, ended 31 December.

M&A quarterly briefing: Big drop in activity as 2018 wound down

Fourth-quarter M&A deal activity declined substantially from the year-ago quarter as 2018 drew to a close, according to CW's M&A data.

Equity market correction takes hold in chemicals

A broad decline in equity markets in recent months, especially in the second half of 2018, has resulted in tumbling prices for chemical stocks.

Asian M&A in flux

Chemicals M&A in Asia is in a state of flux as China — the region's most important market – responds to the Trump administration's confrontational trade policies, as Japanese buyers look abroad and the industry in multiple countries looks to move downstream.

High valuations do not stop flavors and fragrances deals

Persistently high valuation multiples have done little to stymie M&A in the growing flavors and fragrances (F&F) market. One of 2018's biggest chemical deals—IFF's $7.1-billion acquisition of Frutarom—catapulted IFF into a near-tie with Givaudan for the largest F&F company by sales.

M&A quarterly briefing: Volumes and values diverge

Announced chemical M&A volumes and values diverged on a year-on-year (YOY) basis during the third-quarter of 2018, with deal volumes down 5.9% and deal values nearly doubling.

New regulatory hurdles create complications for M&A deals

Emerging regulatory hurdles, around both national security and antitrust issues, are throwing up roadblocks to M&A transactions and complicating due diligence, observers say.

Featured data

2016 - 2018 M&A multiple trends

Is M&A truly becoming cheaper after years of high multiples?

Webcasts

What trade war means for the chemical industry

Keeping track of the fast-moving US-China trade policy developments. Watch it on demand

Portfolio Strategy: Making the right moves at the right times

Optimizing chemical companies’ portfolio management. Watch it on demand