M&A - NEWMARKET CORP

Form Type: 11-K

Filing Date: 2025-05-22

Corporate Action: Merger

Type: New

Accession Number: 000128263725000012

Filing Summary: The filing reports on the Savings Plan for the Employees of NewMarket Corporation and Affiliates for the fiscal year ended December 31, 2024. It includes audited financial statements and an opinion on the fairness of the financial statements by PBMares, LLP, the independent registered public accounting firm. The financial statements indicate that as of December 31, 2024, the net assets available for benefits amounted to $540,364,837. Significant changes include contributions received from employees and employers totaling over $19 million, and various investment performances are detailed showing net appreciation in fair value of investments amounting to approximately $24 million. Additionally, the plan experienced a merger with the American Pacific Corporation 401(k) Plan, which became effective September 30, 2024, resulting in a transfer of $29,853,943 in plan assets to the NewMarket Savings Plan, enhancing the net increase in assets by this transfer. Summary financial data for the preceding year includes net assets available for benefits totaling $507,942,284 as of December 31, 2023, with detailed notes provided on plan management, investment options, and transactions involving related parties.

Form Type: 10-Q

Filing Date: 2025-04-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000128263725000010

Filing Summary: On April 24, 2025, NewMarket Corporation's report for the quarter ended March 31, 2025 highlights notable financial metrics including net sales of $700,946,000, showing a slight increase from $696,736,000 in the same quarter of the previous year. The company's net income increased to $125,949,000, reflecting solid operating performance. Total current assets rose to $1,123,764,000, bolstered by a significant increase in cash and cash equivalents. The report details the impact of a recent acquisition of AMPAC Intermediate Holdings, LLC, completed on January 16, 2024, for approximately $697 million, which is expected to enhance NewMarket's footprint in critical specialty materials relevant to defense applications. The financial results also reflect an ongoing rise in comprehensive income, attributed partly to favorable currency adjustments and operational efficiency improvements within the petroleum additives and specialty materials segments. Additionally, the document outlines broad strategies aimed at strengthening market positions in both segments, further diversifying revenue streams and improving profitability.