Artemis Capital Partners has acquired StanChem, a specialty chemicals manufacturer from its CEO and owner Jack Waller.
StanChem develops and manufactures emulsion polymers, specialty adhesives, and intumescent coatings (substances that swells as a result of heat exposure) that are used in a wide range of markets including paints, paper and packaging, and building products. In addition to its specialty polymers business, StanChem produces and markets a line of flame retardant products – used with structural steel, concrete, wood, wallboard, plaster and other non-ferrous substrates – under the Albi brand name. StanChem, founded in 1968, has over 125,000 square feet of production space and is headquartered in East Berlin, CT (www.stanchem-inc.com) (www.albi.com).
“StanChem’s existing process technology is both formidable and flexible and we plan to further invest in our people, technology, and equipment to realize StanChem’s full potential as a world-class manufacturer in the specialty polymers industry,” said Stephen McGuff, StanChem’s Vice President of Operations. “After we have implemented our investment plans, we will have significantly increased the company’s capacity and capabilities.”
Artemis Capital Partners invests in companies with revenues of $5 million to $50 million and EBITDA of $1 million to $10 million. Sectors of interest include manufacturers of differentiated industrial technologies, including specialty chemicals and materials. The firm was founded in 2010 and is based in Boston (www.artemislp.com).
© 2017 Private Equity Professional | August 22, 2017
