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

2014 sees modest sales increase, but profit decrease, for Dow Chemical

January 29, 2015 4:20 pm ET

Dow Chemical Co. delivered modest sales growth in 2014, but the firm's profit took a tumble.    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Image

Materials firms look for stock rebound

January 29, 2015 1:52 pm ET

DuPont Co., A. Schulman Inc. and Rogers Corp. thrived amid the stock market chaos of 2014, but the other 12 publicly held materials firms tracked by...    More

Image

Chemtrusion, Mytex Indiana compounding plant set for expansion

January 29, 2015 1:35 pm ET

Japanese and American partners in a compounding plant in Indiana plan to expand the facility.    More

Image

DuPont-Chenguang JV to produce fluoroelastomers in China

January 29, 2015 12:30 pm ET

DuPont Fluoropolymer Solutions and Zhonghao Chenguang Chemical Research Institute Co. Ltd. are proceeding with a 50-50 joint venture to serve the fast...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events