CF Industries Acquires Waggaman Ammonia Production Facility from Incitec Pivot

Astec Industries Acquires CWMF, LLC for $67.5M

January 2, 2026

Manufacturing

Astec Industries, Inc. completed the acquisition of CWMF, LLC for $67.5 million in cash, adding roughly $50 million of annual revenue to Astec's Infrastructure Solutions segment. The purchase is expected to be EPS-accretive, improve gross profit and adjusted EBITDA margins, deliver synergies by the end of year one, and expand Astec's capacity and regional customer relationships in the Midwest, South-Central and Great Lakes regions.

Honeywell Acquires Air Products’ LNG Process Technology and Equipment Business for $1.81 Billion

September 30, 2024

Industrial Services

Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business in an all-cash transaction valued at $1.81 billion. The deal adds LNG natural gas pre-treatment and liquefaction capabilities, including coil-wound heat exchanger (CWHE) technology, to Honeywell’s existing LNG offerings. The transaction was completed on Sept. 30, 2024, with related assets, intellectual property, manufacturing capability, and personnel transferring to Honeywell.

Koch Ag & Energy Solutions Acquires Iowa Fertilizer Company (IFCO) from OCI Global

August 29, 2024

Agriculture

Koch Ag & Energy Solutions (KAES) completed the acquisition of Iowa Fertilizer Company LLC (IFCO) from OCI Global for $3.6 billion on a cash-free, debt-free basis, closing Aug. 29, 2024 (deal signed Dec. 18, 2023). The Wever, Iowa facility — commissioned in 2017 with capacity of 3.5 million metric tons of nitrogen fertilizers and diesel exhaust fluid annually — joins Koch's fertilizer platform, expanding its US production footprint and eastern U.S. market reach.

Ecovyst Acquires Sulfuric Acid Operations from Cornerstone Chemical Company

March 18, 2025

Manufacturing

Ecovyst has purchased the sulfuric acid operations of Cornerstone Chemical Company in Waggaman, Louisiana. The divestiture transfers Cornerstone's sulfuric acid business to Ecovyst, a global provider of specialty catalysts, virgin sulfuric acid and regeneration services, to expand its Ecoservices capabilities.

Merichem Technologies Acquires Chemical Products Industries (CPI)

April 24, 2024

Energy

Merichem Technologies, a portfolio company of Black Bay Energy Capital, has closed the acquisition of Chemical Products Industries (CPI), a specialty-chemicals maker based in Oklahoma City known for its SULFURTRAP adsorbents and industrial cleaning chemistries. The acquisition will integrate CPI's products into Merichem's Catalyst Division to expand its sulfur-treatment technology suite and strengthen service across markets including renewable fuels, biogas, midstream and downstream oil & gas.

SMC Global Acquires International Chemicals LLC

November 12, 2024

Manufacturing

SMC Global (Special Materials Company) has acquired International Chemicals LLC (ICC), integrating SMC's oilfield business into ICC's San Angelo operations. The deal expands SMC's product and service portfolio for the oil & gas and produced water treatment markets, adding manufacturing, warehousing, and logistics capabilities.