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Albemarle Completes Acquisition Of Guangxi Tianyuan New Energy Materials Co., Ltd.

Oct 25, 2022•about 3 years ago

Acquiring Company

Albemarle Corporation

Acquired Company

Guangxi Tianyuan New Energy Materials

Charlotte

Description

Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its subsidiary, Albemarle Lithium UK Limited, has completed the acquisition of Guangxi Tianyuan New Energy Materials Co., Ltd. ("Tianyuan") for approximately $200 million.

Company Information

Company

Albemarle Corporation

Location

214 WEST TEXAS AVENUE, SUITE 400

Charlotte, North Carolina, United States

About

Albemarle Corp. (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed