Berkshire Hathaway Acquires OxyChem From Occidental for $9.7 Billion

Occidental Agrees to Acquire Carbon Engineering for Approximately $1.1 Billion

August 15, 2023

Energy

Occidental (through a wholly owned subsidiary) has entered into a definitive agreement to acquire Carbon Engineering Ltd. for approximately $1.1 billion in cash, payable in three roughly equal annual installments. The deal — which will make Carbon Engineering a subsidiary of Oxy Low Carbon Ventures upon closing — is intended to accelerate deployment and commercialization of direct air capture (DAC) technology and expand Occidental's low-carbon capabilities.

Berkshire Hathaway Acquires Alleghany Corporation for $11.6 Billion

October 19, 2022

Financial Services

Berkshire Hathaway and Alleghany Corporation announced a definitive all-cash agreement under which Berkshire Hathaway will acquire all outstanding Alleghany shares for $848.02 per share, valuing the transaction at approximately $11.6 billion. The deal was expected to close in the fourth quarter of 2022, and Alleghany would continue to operate as an independent subsidiary of Berkshire Hathaway after closing.

Akrochem Acquires Bech Chem

July 19, 2021

Industrial Services

Akrochem, a supplier of rubber chemicals and compounding materials based in Akron, Ohio, has acquired Bech Chem, LLC, a Houston-based specialty chemical distributor with more than 25 years of experience. The acquisition expands Akrochem's end-market exposure into paints, coatings and lubricants and aims to provide enhanced support to Bech Chem customers.

Strategic Value Partners and Blantyre Capital Acquire OXEA (formerly OQ Chemicals)

April 11, 2025

Manufacturing

Strategic Value Partners-managed funds and Blantyre-managed funds have acquired OQ Chemicals, which will reinstate its historic name OXEA. OXEA is a global manufacturer of oxo intermediates and performance chemicals with primary production sites in Germany and Texas and more than 1,200 employees worldwide; the buyers said they plan to support growth, product portfolio expansion and operational resilience.

Methanex Acquires OCI Methanol from OCI Global for $1.6 Billion

June 27, 2025

Energy

Methanex Corporation has completed the acquisition of 100% of OCI Global's methanol business (OCI Methanol) for USD 1.6 billion on a cash‑free, debt‑free basis, consisting of approximately USD 1.3 billion of cash and 9.9 million Methanex common shares. The deal transfers multiple methanol production assets (including facilities in Beaumont, Texas and Delfzijl, Netherlands, and OCI's HyFuels low‑carbon business) to Methanex and enables OCI to return capital to shareholders and reduce debt.

Recochem Inc. Acquires Ocean Bio-Chem Holdings Inc. from OneWater Marine Inc.

February 10, 2026

Manufacturing

OneWater Marine Inc. completed the sale of Ocean Bio-Chem Holdings Inc. to Recochem Inc. for approximately $50 million in cash. OneWater plans to use proceeds to reduce debt and improve financial flexibility, with guidance updated to reflect the divestiture.