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
Companies & Associations

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

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

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

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

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events