Davis Polk is advising Solvay S.A. on its $1.345 billion acquisition of The Chemlogics Group, LLC. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close in the fourth quarter.
Headquartered in Brussels, Solvay is an international chemical group assisting industries in finding and implementing responsible and value-creating solutions. Founded in 2002, The Chemlogics Group serves the needs of the oil and gas industry’s stimulation and cementing segments with its expertise in friction reducers, non-emulsifiers and extraction technologies.
The Davis Polk corporate team includes partners Jacques Naquet-Radiguet and William H. Aaronson and associate Darren M. Schweiger. Partner Jeffrey P. Crandall and associate Chaoyuan Charles Shi are providing executive compensation advice. Partner Neil Barr and associate William A. Curran are providing tax advice. Associate David R. Bauer is providing intellectual property advice. Counsel Hayden S. Baker is providing environmental advice. Counsel Michael N. Sohn is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York, Washington DC and Paris offices.
