Berkshire Hathaway Acquires OxyChem From Occidental for $9.7 Billion

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.

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 entered into a definitive agreement under which Berkshire Hathaway will acquire all outstanding Alleghany shares for $848.02 per share in cash, valuing the deal at approximately $11.6 billion. Alleghany will continue to operate as an independent subsidiary at first, and the transaction ultimately closed with Alleghany becoming a wholly owned subsidiary of Berkshire Hathaway.

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.

Evonik Industries Acquires PeroxyChem from One Equity Partners for $640 Million

February 3, 2020

Manufacturing

Evonik Industries AG has completed the acquisition of PeroxyChem, LLC, a global manufacturer of hydrogen peroxide and peracetic acid, from One Equity Partners for $640 million. The purchase, representing roughly a 9.9x multiple of EBITDA, expands Evonik's specialty chemicals portfolio and brings PeroxyChem's production footprint and technical capabilities into Evonik's global operations.

Balchem Corporation Acquires Chemogas NV

May 2, 2019

Industrial Services

Balchem Corporation has agreed to acquire Chemogas NV, a Belgium-based provider of packaged specialty gases (notably ethylene oxide) and related services, from majority shareholder Gilde Equity Management. The acquisition expands Balchem's global footprint in packaged ethylene oxide and creates a worldwide network of facilities to better serve medical device sterilization and other industrial customers.