# Italmatch Chemicals to acquire Detrex Corp. for $27 per share

Italmatch Chemicals Group and Detrex Corp. announced a definitive merger agreement under which a subsidiary of Italmatch will acquire Detrex for $27.00 per share in cash. The transaction is expected to close by December 31, 2017.

- Type: Acquisition
- Announced: 2017-11-16
- Where: Cleveland, Ohio, United States
- Status: announced
- Products: specialty additives, lube oil additives, anti-wear additives, EP additives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Italmatch Chemicals](https://endata.com/companies/27695.md) (acquirer)
- [Detrex Corporation](https://endata.com/companies/28177.md) (target)
- [The Elco Corporation](https://endata.com/companies/28723.md) (target)

## Sources

- [chemengonline.com](https://www.chemengonline.com/italmatch-and-detrx-to-merge/), 2017-11-16: "After thorough analysis, the Board has unanimously endorsed this proposed sale, which we believe maximizes value for our stockholders."
- [prnewswire.com](https://www.prnewswire.com/news-releases/italmatch-chemicals-group-acquires-detrex-corporation-a-leading-american-company-of-high-performance-specialty-chemicals-for-the-industrial-lubricant-markets-300569524.html), 2017-12-11: "We are excited about this acquisition because we have known Elco, its products and Management Team for many years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.