NewMarket Corporation (NYSE: NEU) announced today that it has completed the acquisition of Mars TopCo, LLC, the ultimate parent company of Calca Solutions, LLC (Calca). The transaction closed on October 1, 2025, and the company will manage Calca as a separate business within its specialty materials segment.
Calca, headquartered in Lake Charles, Louisiana, is the nation’s leading producer of UltraPure and high‑purity hydrazine, a mission‑critical propellant used in satellite, space probe, and defense propulsion systems. The company employs approximately 30 people and reported annual revenue of less than $100 million. Its products have been a trusted supplier to the U.S. Department of Defense’s Defense Logistics Agency – Energy for over 70 years.
The acquisition is part of NewMarket’s broader strategy to diversify beyond petroleum additives. NewMarket funded the deal with cash on hand and borrowings under its revolving credit facility, and the company has committed roughly $1 billion to acquisition and expansion initiatives across both core and specialty segments. Management expects Calca to be accretive to net income in 2026 and to strengthen the company’s presence in resilient, high‑technology markets.
Thomas E. Gottwald, NewMarket’s Chairman and CEO, said the company is “very excited about closing the acquisition of Calca and welcomes the entire Calca team into the NewMarket family.” He added that the move “strengthens NewMarket’s strategic investment in resilient, high‑technology sectors that demand quality and innovation.”
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.