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

Berkshire Hathaway Acquires OxyChem From Occidental for $9.7 Billion

January 3, 2026

Manufacturing

Berkshire Hathaway has completed the all-cash acquisition of OxyChem, Occidental’s chemical division, for $9.7 billion, subject to customary post-closing purchase price adjustments. OxyChem is a Dallas, Texas-headquartered producer of essential commodity chemicals with operations across the United States, Canada, and Latin America.

PureTech Scientific (Iron Path Capital) Acquires Glycolic Acid Business from The Chemours Company for $137 Million

June 1, 2023

Manufacturing

PureTech Scientific, a company founded and backed by Iron Path Capital, agreed to acquire The Chemours Company's Glycolic Acid business for $137 million in cash. The transaction (a carve-out/divestiture) closed in August 2023 and creates a standalone platform focused on high‑purity alpha hydroxy acids for life sciences, specialty chemicals and personal care end markets.

PETRONAS Chemicals Group Berhad Agrees to Acquire Perstorp Holding AB

May 17, 2022

Manufacturing

PAI Partners has agreed to sell Perstorp Holding AB to PETRONAS Chemicals Group Berhad (PCG) for EUR 2.3 billion on a cash and debt-free basis. The transaction is subject to regulatory and shareholder approvals and is expected to close in Q3 2022.

Westlake Chemical Acquires Hexion's Epoxy Business

February 1, 2022

Manufacturing

Westlake Chemical Corporation completed the acquisition of Hexion's epoxy-based Coatings and Composite businesses (the "Epoxy Business") for approximately $1.2 billion. The transaction transfers Hexion's epoxy specialty resins, base epoxy resins and intermediates product lines to Westlake; Hexion will continue to operate its Adhesives and Versatic Acids and Derivatives product lines following the divestiture.

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.

Ecolab Acquires Bioquell

February 14, 2019

Medical Devices

Ecolab Inc. acquired 100% of Bioquell PLC for approximately £139 million (about $178 million), purchasing all outstanding shares and paying consideration to Bioquell shareholders. The acquisition brings Bioquell’s vaporized hydrogen peroxide bio-decontamination systems and services into Ecolab’s Life Sciences and healthcare offering to broaden its contamination-control and cleanroom capabilities globally.