BASF sells PolyAd business to private equity firm

By Frank Esposito
Senior Staff Reporter

Published: March 6, 2014 10:57 am ET
Updated: March 6, 2014 11:00 am ET

Related to this story

Topics Mergers & Acquisitions, Materials Suppliers
Companies & Associations BASF SE

BASF SE has sold its PolyAd Services business to Edgewater Capital Partners LP, a private equity firm based in Cleveland.

PolyAd supplies additives and formulation services from locations in Earth City, Mo., and Lampertheim, Germany.  The business offers innovative specialty blends and services to solve additive incorporation problems for the plastics compounding and processing industry globally, officials with Ludwigshafen, Germany-based BASF said in a March 4 news release.

PolyAd “creates packages of customized additive blends of [materials such as] antioxidants, light stabilizers, flame retardants or other additives as a ready-mix package that are ready to use by plastics companies,” officials added in an e-mail.

In the release, Edgewater managing partner Ryan Meany said that “increasing performance and sustainability requirements for plastics…are driving an increased demand for innovative additive solutions for the underlying resins.”

Although PolyAd has grown in recent years, BASF officials said that its business model is “a niche business that offers a limited channel to market for its product portfolio.” Selling PolyAd will allow BASF to focus on core businesses such as light stabilizers, antioxidants and customer-specific blends, they said. No sale price was disclosed.

Since 1998, Edgewater has invested more than $50 million in on the acquisition of lower, middle-market performance materials companies. Plastics-related firms in Edgewater’s current portfolio include Tri-Tec Seal Inc. — a maker of fluoropoymer rotary seals in Swartz Creek, Mich. — and Gabriel Performance Products, a producer of epoxy curing agents in Ashtabula, Ohio.


Comments

BASF sells PolyAd business to private equity firm

By Frank Esposito
Senior Staff Reporter

Published: March 6, 2014 10:57 am ET
Updated: March 6, 2014 11:00 am ET

Post Your Comments


Back to story


More stories

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company...    More

Image

Patel named LyondellBasell CEO

December 19, 2014 9:56 am ET

Bhavesh V. “Bob” Patel has been named CEO of Houston-based polyolefins producer LyondellBasell Industries NV, effective Jan. 12.    More

Image

Momentive to get a new name in January

December 19, 2014 9:45 am ET

Momentive Specialty Chemicals Inc. will change its name to Hexion Inc., effective Jan. 15.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events