ContextLogic agrees to buy gChem from EagleTree Capital for $850 million
Specialty chemical maker gChem, based in Covington, Louisiana, is being acquired by publicly traded ContextLogic from EagleTree Capital and co-investors.
ContextLogic Holdings has entered into a definitive agreement to acquire gChem from investment funds managed by EagleTree Capital and their co-investors. The transaction values gChem at an enterprise value of $850 million. gChem will be ContextLogic's second operating business after its acquisition of US Salt in February 2026.
gChem was founded in 1962 and makes dimethyl sulfide, dimethyl sulfoxide and NTO. It is the originator and exclusive producer of Procipient, a dimethyl sulfoxide product. Its products serve pharmaceutical, semiconductor, agricultural chemical, performance chemical and aerospace customers.
gChem will continue to be led by CEO Frank Roederer and its existing management team. Morgan Stanley & Co. LLC advised gChem as exclusive financial adviser, with Jones Day as legal counsel. Piper Sandler and Ropes & Gray LLP advised ContextLogic. The transaction is expected to close by the end of 2026, subject to regulatory approvals and other customary conditions.
Deal facts
- Target
- gChem
- Business
- Gaylord Chemical Company, a Covington, Louisiana producer of dimethyl sulfoxide, dimethyl sulfide and NTO, with manufacturing in Tuscaloosa, Alabama
- Buyer
- ContextLogic Holdings
- Seller
- EagleTree Capital
- Deal type
- Exit
- Headquarters
- Covington, LA
- Value
- $850 million
- Advisers
- Morgan Stanley & Co. LLC financial adviser to gChem
- Jones Day legal counsel to gChem
- Piper Sandler financial adviser to ContextLogic
- Ropes & Gray LLP legal counsel to ContextLogic
- Status
- Announced
- Announced
- Wednesday, August 5, 2026
Sources
- eagletree.comAug 5, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.