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Sonneborn

Company Summary

Description

Sonneborn is a world leader in the manufacture and supply of high-purity specialty hydrocarbons for use in both the consumer and industrial marketplaces.

Website

http://www.sonneborn.com/connect-with-us/who-we-ar...

Related Entities

Recent news

  • 2/1/2019 - HollyFrontier Closes on... (subscriber access)
  • 11/13/2018 - HollyFrontier Acquires... (subscriber access)

Company Transactions

Date: 2/1/2019
Type: Acquisition

BUYERS:
  • HollyFrontier Corporation
    • SELLERS:
  • Sonneborn
    • DETAILS:

    COST: 655 $MM

    NOTES:
    HollyFrontier Corporation entered into an agreement to acquire Sonneborn US Holdings Inc. and Sonneborn Coӧperatief U.A. (collectively “Sonneborn”) for $655 million, including working capital with an estimated value of $72 million. Sonneborn strengthens HollyFrontier's global footprint by increasing processing and blending capabilities in North America and Europe and complements the Company's existing lubricants and specialty products business. This transaction is expected to close in 2019.