德勤：2016年全球化工并购展望报告（22页）.pdf

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1、2016 Global chemical industry mergers and acquisitions outlook A quest for focus January 2016 2 2016 Global chemical industry mergers and acquisitions outlookA quest for focus 3 Contents 4 Global activity 8 Mergers and acquisitions activity by chemical segment 11 Chemical mergers and acquisitions ac

2、tivity in key geographies 16 Summary outlook for 2016 mergers and acquisitions activity 17 Contacts 18 Acknowledgements 19 Endnotes 4 Global activity In the Deloitte Touche Tohmatsu Limited (Deloitte Global) 2015 Global chemical industry mergers and acquisitions outlook, record levels of chemical me

3、rgers and acquisitions (M23 and Platform Specialty Products Corporations US$2.3 billion acquisition of UK based Alent Plc, which is expected to combine complementary product portfolios and geographical footprints of the two companies.24 In 2016, it is expected that further core strengthening plays w

4、ill be evident with buyers interested in those companies exposed to industry sectors, such as automotive and aerospace, which have stringent quality requirements and require materials with specific high performance characteristics. Fertilizers and agriculture chemicals: A focus on growth and profita

5、bility in a down agricultural cycle A continued downturn in crop prices, amid expectations of record harvests by US farmers, is expected to cause a 38 percent decline in 2015 US farm income to its lowest level since 2002.25 This, in turn, impacts farmers purchasing decisions, putting pressure on pri

6、cing and reducing the demand for certain agricultural chemicals and fertilizers. Given the relatively low topline growth rate, several companies in the fertilizer and agriculture chemicals segment have undertaken cost-cutting strategies in 2015, including closing older and less-efficient plants, cut