Chemicals industry in 2014 reached highest volume in decades, according to PwC
In New York, a PwC analysis shows that the chemicals sector saw strong improvement in mergers and acquisitions (M&A) activity in 2014 with 177 deals worth more than $50 million and a total value of $85 billion. The industry recorded the highest volume in a decade and reaching the highest deal value since 2007.
Megadeals, or transactions worth more than $1 billion, drove M&A activity in 2014, recording 25 deals with a total value of $50 billion, a substantial increase compared to 10 deals and a total value of $19 billion in 2013. In the fourth quarter of 2014, there were 51 deals worth more than $50 million and a total value of $19 billion, and of those, there were four megadeals with a total value of $9 billion. Additionally, Asia & Oceania and North America were most active in deal making in 2014, with acquisitions accounting for 46.5 percent and 34.7 percent of worldwide deal value, respectively.
Category: Fuels
