Dear Reader,
2020 is proving to be quite a year - the impact on the chemicals and life sciences industries will not be fully appreciated for years to come but there is a wealth of interesting comment and opinion out there at the moment (see our "recommended reading" section below).
The commentators are almost universal in their opinion that there will be change - and often in the form of the acceleration of existing trends. For example, the reshoring of supply chains, moving to sustainable manufacturing practices, and digitization.
The events of this year could prove the trigger point for a whole host of businesses that were waiting for the 'moment to strike', for the line to reach 'critical mass'.
Adapting to the changing landscape may prove ever more challenging if multiple disrupting technologies and business models take off in the way their owners hope.
Wishing you all health and happiness and I hope you enjoy our Q3 newsletter.
Matt Dixon, CCD Partners
Target | Buyer | Seller | Target Sector | Synopsis / Title |
---|---|---|---|---|
Holland Chemicals | Maroon Group | Private | Chemical Distribution and Support Services | Maroon Group acquires Holland Chemicals |
New Zealand Pharmaceuticals | Industria Chimica Emiliana | Private | Fine Chemicals and Life Science Contract Services | ICE acquires New Zealand Pharmaceuticals |
Porocel Group | Evonik | Private | Specialty Chemicals and Advanced Materials | Evonik to buy catalyst regeneration firm Porocel |
Signet Excipients | IMCD | Private | Chemical Distribution and Support Services | IMCD to acquire Indian pharma ingredients distributor Signet |
Germantown Facility | Sterling Pharma | Alcami | Fine Chemicals and Life Science Contract Services | Sterling Pharma Solutions acquires API facility in US |
Lummus Technology | The Chatterjee Group, Rhône Capital | McDermott International | Specialty Chemicals and Advanced Materials | The Chatterjee Group, Rhône Capital Complete Joint Acquisition of Lummus Technology |
Name | From | To | Role |
---|---|---|---|
Tim Stedman | Trinseo | Agilyx | CEO, Chairman |
Luis Sierra | BP | NOVA Chemicals | President & CEO |
Stephen Doktycz | LyondellBasell | Vantage Specialty Chemicals | CEO |
Joshua Baca | American Beverage Association | American Chemistry Council | Vice President, Plastics |
Christopher McArdle | Dow Chemical | Borealis | Vice President Polyolefins Strategy |
Justine Smith | BASF | Chevron Phillips Chemical | Senior Vice President |
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