NEWMARKET CORP (NEU): M&A transaction — NewMarket completes $700M acquisition of AMPAC, a defense/space additives maker

NEWMARKET CORP

Completed acquisition of AMPAC parent from Coyote Ultimate Holdings for ~$700M on January 16, 2024.
Purchase price funded with cash on hand and ~$690M drawn under existing revolving credit facility.
AMPAC is leading North American manufacturer of additives for solid rocket motors (space launch, defense) and Halotron BrX fire extinguisher.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NEWMARKET CORP completed an acquisition involving Coyote Ultimate Holdings, LLC for approximately $700 million (closed 2024-01-16).

Action: acquisition
Counterparty: Coyote Ultimate Holdings, LLC
Consideration: approximately $700 million
Closing: 2024-01-16

Exact text from the filing

to the Securities Purchase Agreement entered into by the Company, Coyote and Holdings on December 1, 2023 (the “Purchase Agreement”). The Company satisfied the approximately $700 million purchase price with cash on hand and borrowings of approximately $690 million under its existing revolving credit facility. AMPAC is the leading North American manufacturer of

View on SEC.gov

Browse all m&a transactions →

NEWMARKET CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-012252

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.