NewMarket Inks Definitive Agreement To Acquire AMPAC Intermediate Holdings, LLC, The Ultimate Parent Company Of American Pacific Corporation (AMPAC), For Approximately $700M
$NEU
Major Chemicals
Industrials
Based in Cedar City, Utah, AMPAC is a North American manufacturer of critical performance additives used in solid rocket motors for space launch and military defense applications. Founded in 1955, AMPAC has one operating facility and approximately 150 full-time employees.The acquisition of AMPAC expands NewMarket's exposure to mission critical, resilient sectors. The transaction is expected to close during the first quarter of 2024.