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Business/Financial

NewMarket Acquires Solid Rocket Motor Additives Company AMPAC Intermediate

By Cal Biesecker

Wednesday, January 17th, 2024

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NewMarket Acquires Solid Rocket Motor Additives Company AMPAC Intermediate

AMPAC ammonium perchlorate processing facility. Photo: American Pacific

NewMarket Corp. [NEU] on Wednesday said it has acquired AMPAC Intermediate Holdings, LLC for $700 million in cash from the private equity firm AE Industrial Partners, adding to its portfolio of chemical companies with AMPAC being a manufacturer of performance additives for solid rocket motors used in space launch and defense applications. NewMarket, which is based in Richmond, Va., said that Utah-based AMPAC “is qualified on many NASA and Department of Defense Programs, and has been serving space launch and…

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