secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARKET CORP (NEU)
CIK:        0001282637
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001193125-23-288480
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewMarket acquires AMPAC for ~$700M, expands into defense/space rocket motor additives
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- Purchase price ~$700M; expected close Q1 2024; subject to HSR antitrust clearance.
- AMPAC is leading North American manufacturer of solid rocket motor performance additives, qualified on NASA and DoD programs.
- Financing via available cash and revolver; no shareholder vote required.
- AMPAC has one facility in Cedar City, UT, ~150 employees; founded 1955.
- Chairman/CEO Thomas Gottwald calls AMPAC a strategic national asset and a terrific fit with NewMarket's diversification criteria.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282637/000119312523288480/0001193125-23-288480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282637/000119312523288480/d569404d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-288480

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer