Dunes Point Capital has sold Miller Chemical & Fertilizer to Huber Engineered Materials, a subsidiary of the J.M. Huber Corporation.
Miller Chemical & Fertilizer (Miller) manufactures and distributes crop protection and nutritional agrichemical products used to improve plant and crop production quality and yield. The company sells its products into the farming and agricultural industries (with a focus on fruits, nuts, and vegetables) in more than 90 countries through a global sales force of agronomists and distributors.
Miller was founded in 1937 and has approximately 100 employees with a headquarters in Hanover, PA (www.millerchemical.com).
Huber Engineered Materials is a maker of specialty ingredients used in industrial, agricultural and consumer applications. The company’s products include alumina trihydrate, magnesium hydroxide, agricultural nutrients and adjuvants, molybdate compounds and industrial, food and USP grade calcium carbonate. Huber Engineered Materials is headquartered in Atlanta (www.hubermaterials.com).
J.M. Huber Corporation operates through four subsidiaries: CP Kelco, Huber Engineered Materials, Huber Engineered Woods, and Huber Resources. The company’s product portfolio covers a range of consumer and industrial items, including oral care and personal care, food and beverage, flame retardants and smoke suppressants, forestry management and building materials. J.M. Huber was founded in 1883 and is one of the largest family-owned companies in the US. The company, led by CEO Michael Marberry, is headquartered in Edison, NJ (www.huber.com).
Dunes Point Capital is a family office and private investment firm that makes control investments in companies operating in the general industrial and energy sectors that have enterprise values of up to $500 million. The firm was founded in 2013 by Timothy White, a former senior managing director of GSO Capital Partners and Blackstone. Dunes Point is based in Rye, NY (www.dunespointcapital.com).
The Valence Group (www.valencegroup.com), a chemicals and materials focused investment bank with offices in New York and London, was the financial advisor to Dunes Point Capital on the sale of Miller Chemical & Fertilizer.
© 2019 Private Equity Professional | April 2, 2019
