M&As: SNF acquires Syensqo’s oilfield chemicals business for EUR135 mn; DuPont completes separation of electronics biz
Belgium’s Syensqo S.A. announced that it has entered into an agreement to divest its Oil & Gas Business Unit to producer of water-soluble polymers SNF Group (Andrezieux-Boutheon, France), a specialty chemical company headquartered in France and a global leader in polyacrylamide production, for EUR135 million.
he Oil & Gas division of Syensqo has more than 35 years of experience, offering a comprehensive portfolio of more than 700 products across core O&G segments from drilling to production. Through a global network of manufacturing and research facilities across the Americas, Europe, and Asia, the business currently employs c.600 and generated approximately EUR400 million in sales in 2024.
The transaction is subject to customary closing conditions, completion of local consultation processes with employee representatives and regulatory approval. The transaction is expected to close in the first quarter of 2026.
The MoU will set up a framework for joint studies and initiatives that will drive product innovation and strengthen value chains, with the goals of developing high-performance lubricants
In other news, US materials firm DuPont has announced that it completed the separation of its electronics business into an independent public company, Qnity Electronics Inc. DuPont shares will continue to trade on the New York Stock Exchange under the symbol DD.
In connection with the separation, on November 1, 2025, DuPont shareholders received one share of common stock of Qnity for every two shares of common stock of DuPont held at the close of business on October 22, 2025. Approximately 209 million shares of Qnity common stock were distributed in the separation.
“Today’s announcement marks the beginning of exciting new chapters for both DuPont and Qnity as independent companies, each well-positioned to deliver growth and value creation for shareholders,” said Lori Koch, DuPont CEO.
“The successful completion of the separation is a significant step in our transformation to a more focused, agile, and high-performing multi-industrial company,” he added.
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