Grace Matthews Advises Ranbar Electrical Materials, Inc. on its Sale to Gabriel Performance Products, LLC
MILWAUKEE (November 10, 2017) – Grace Matthews, Inc. and Ranbar Electrical Materials, Inc. (“Ranbar”) are pleased to announce the sale of Ranbar to Gabriel Performance Products, LLC (“Gabriel”). Grace Matthews, a Milwaukee-based investment bank, advised Ranbar on this transaction.
Headquartered in Harrison City, PA, Ranbar is a custom developer and manufacturer of specialty resins, varnishes, and coatings materials used in the industrial coatings, steel, electrical, and motor industries. Its product lines consist of alkyd, epoxy, and polyester coating resins, steel coatings, and electrical varnishes, and are sold directly to customers and through distributors.
Randy Russell, CEO of Ranbar, commented, “Together, Gabriel and Ranbar are ideally positioned to continue to serve our customers and accelerate growth through our combined operational expertise, product innovation, and commercial presence. We are all looking forward to joining the Gabriel team.”
Gabriel intends to retain all product lines and their respective brand names. Ranbar’s Harrison City, PA facility will serve as Gabriel’s third production plant.
Ranbar’s formulation and manufacturing expertise, coupled with a loyal customer base, generated significant interest during the sale process. “Our firm worked closely with the shareholders to identify a partner that could leverage Ranbar’s strong reputation in the market and help accelerate its growth,” Andy Hinz, Managing Director of Grace Matthews, commented. “We are pleased that the process presented multiple attractive options to Ranbar’s shareholders and we believe they have chosen an ideal partner in Gabriel.”
Grace Matthews, Inc. served as the exclusive financial advisor to Ranbar, and Cohen & Grigsby, P.C. acted as its legal advisors on the transaction. Fredrikson & Byron, P.A. served as legal advisor for Gabriel.
ABOUT RANBAR ELECTRICAL MATERIALS, INC.
Headquartered in Harrison City, Pennsylvania, Ranbar is a trusted supplier, custom developer, and manufacturer of specialty resins, varnishes, and coatings materials used in the industrial coatings, steel, electrical, and motor industries. Ranbar traces its roots back to 1984 and is a privately-held, family-owned and operated company. For additional information, please visit www.ranbar.com.
ABOUT GABRIEL PERFORMANCE PRODUCTS, LLC
Gabriel Performance Products, LLC is a market-leader in epoxy and Phenoxy additives, polyamide curing agents, and specialty chemical manufacturing. It produces both an extensive line of specialty proprietary products focused on CASE and custom manufactured chemicals utilizing complex chemistries and processes. Gabriel has focused on expanding its epoxy specialty offerings beyond its leading mercaptan-based curative technology. For additional information, please visit www.gabrielchem.com.
ABOUT GRACE MATTHEWS, INC.
Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition and corporate finance advisory services to private and public companies across the chemicals and materials value chain. Grace Matthews is known globally for completing successful chemical industry transactions dating back to the early 1990s. Grace Matthews’ principals have completed over 150 transactions involving global corporations such as Akzo Nobel, 3M, Lubrizol, BASF, DuPont, Sherwin-Williams, PPG Industries, Axalta, Eastman, Ashland, W.R. Grace, Ceradyne, DSM, ICI, Borregaard, Air Products, Landec Corporation, The Home Depot, ITW, Hexion Specialty Chemicals, Atofina Chemicals, Brush Engineered Materials, Becker Industrial Coatings, RPM International, Weatherford International, Hempel, PolyOne, Evonik Industries, Courtaulds, Domino Sugar, and Chr. Hansen Laboratories. For more detailed information on Grace Matthews, Inc., visit www.gracematthews.com.
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