In February 2012 Century Park Capital Partners acquired ICM Products, a formulator of specialty silicon products. As part of ICM’s growth strategy, the company is looking for add-on acquisition targets that offer synergy opportunities, expand ICM’s product portfolio, grow ICM’s geographic footprint or provide entrance into new markets.
ICM Products is one of the largest independently-owned specialty silicone formulators in the United States. The company specializes in the development of silicone polymers, emulsions and defoamers for use in a range of applications and end markets including personal care, food processing, mold release, cleaning, coatings and automotive care. Century Park’s investment in ICM was made in conjunction with Don Stanutz, former COO of Huntsman Corporation and a chemicals industry veteran. ICM was founded in 1989 by silicone technology expert Ken Charboneau and is based in Cassopolis, MI (www.icmproducts.com).
Potential add-on acquisitions for ICM will be specialty chemical manufacturers with revenues of at least $5 million and operating profit margins in excess of 15%. End markets served will include personal care, food processing, mold release, cleaning, coating, automotive care, water treatment, and defoaming.
Add-on acquisition candidates for ICM can be communicated to Guy Zaczepinski, a Partner at Century Park.
Century Park Capital Partners invests from $10 million to $50 million in profitable, growing middle-market companies with operating cash flows of at least $4 million and revenues ranging from $25 million to $150 million. Sectors of interest include manufacturing, branded distribution and service businesses. The firm is based in Los Angeles (www.centuryparkcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-15-13