Chemical market's M&A bounces back strongly

06/7/2010 | ICIS Chemical Business (U.K.)

Merger-and-acquisition activity in the global chemical market is bound for a boost, as first-quarter deals totaled $4.5 billion, compared with $300 million during the same period last year, said Peter Young of investment bank Young & Partners. A huge chunk of the first-quarter M&A is attributable to Bain Capital's $1.63 billion acquisition of Dow Chemical's styron unit. "Strategic buyers, armed with balance sheets flush with cash, are seeking ways to accelerate growth beyond their organic means," a BB&T Capital Markets analyst said.

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ICIS Chemical Business (U.K.)

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