Chemical Romance: Tariffs, Carve-Outs and a New Wave of Specialty Chemicals M&A
After a slow first half of the year, dealmaking in the specialty chemicals sector has been accelerating, driven in large part by tariff and supply-chain upheavals. And while there has been consolidation in the sector over recent years, it remains highly fragmented. Buyers and sellers agree that there are a myriad of options from consolidation to carveouts.
“There are a lot of people who want to produce specialty chemicals domestically,” says Joe Wilson, president and CEO of Toll Solutions, a specialty and custom-chemical manufacturer.
“Even ones that have production in Canada and Mexico. European producers are really struggling. We are getting new business from both existing and new customers.”