Emerald Performance Materials sold to private equity firm

Scott Suttell
CRAIN'S CLEVELAND BUSINESS

Published: June 5, 2014 2:36 pm ET
Updated: June 5, 2014 2:38 pm ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers

New York private equity firm American Securities LLC said it has partnered with management to acquire Emerald Performance Materials LLC, a specialty chemicals company in Cuyahoga Falls, Ohio, from an affiliate of Sun Capital Partners Inc.

The transaction is scheduled to close in the third quarter of 2014, according to a news release from American Securities. Terms of the transaction, including the participation of Emerald Performance management, were not disclosed.

Emerald’s plastics-related products include plasticizers, epoxy resins and carbon black additives. Emerald has four business groups, eight manufacturing operations and about 750 employees.

Scott Wolff, managing director of American Securities, said Emerald “offers attractive growth opportunities, defensible market positions and a diverse portfolio of high-quality businesses.”

On its website, American Securities says it “invests in market-leading North American companies with annual revenues generally ranging from $500 million to $2 billion.” American Securities and its affiliates have about $10 billion under management.

Boca Raton, Fla.-based Sun Capital Partners said in its own news release that Emerald was created from the divestiture of six separate chemicals businesses by a corporate parent.

“Significant investments in new plant equipment have enabled [Emerald] to expand capacity at its Rotterdam and Kalama, Wash., sites in order to meet increased customer demand,” Sun Capital said in the release. “Refocusing on higher margin specialty products and a commitment to investment in research and development has led to an enhanced product offering with more than 50 new products added to Emerald’s portfolio in recent years.”


Comments

Emerald Performance Materials sold to private equity firm

Scott Suttell
CRAIN'S CLEVELAND BUSINESS

Published: June 5, 2014 2:36 pm ET
Updated: June 5, 2014 2:38 pm ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Foster building medical polymers plant

September 19, 2014 1:39 pm ET

Foster Delivery Science is investing $8 million in a new plant in Putnam, Conn., for production of medical polymer blends, as well as rods, film or...    More

Image

BP to restart damaged PTA unit in limited capacity by November

September 19, 2014 10:27 am ET

British Petroleum plc may restart its fire-damaged purified terephthalic acid (PTA) feedstock unit in South Carolina in late October or early November...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events