Merichem MILWAUKEE (January 3, 2024) – Black Bay Energy Capital (“Black Bay”), a New Orleans-based private equity firm that is focused on the energy and specialty chemical sectors, has announced the acquisition of Merichem Company’s technology business unit, comprised of Merichem Process Technologies and Merichem Catalyst Products, which will collectively be renamed “Merichem Technologies.” Grace […]
KOST USA MILWAUKEE (November 30, 2020) — KOST USA, Inc. (“KOST”), a manufacturer, supplier, and marketer of antifreeze and functional fluids, is pleased to announce it has been acquired by Recochem, Inc. (“Recochem”). Headquartered in Cincinnati, OH, KOST has been providing high-performance products, in-depth product knowledge, and superior service for both brand-name and private-label brands since
Smart Chemical Services Integrated Advantage Group LP (“IAG”) and its subsidiaries, including Smart Chemical Services, Genesis Custom Chemical Blending, and Panhandle Express Energy Services, have completed a recapitalization with a chemicals-focused investor group. IAG will continue to be led by its current management team, including President, CEO, and co-founder Lloyd Brown. Financial terms of the
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Quick Fuel Headquartered in Milwaukee, WI, Jacobus Energy, Inc. (“Jacobus”) is a premier petroleum marketer in the U.S. Its services include mobile refueling and fuel management solutions for commercial operators as well as heating and cooling services. The Company sold the automated fueling stations business of Quick Fuel (“Quick Fuel” or the “Business”) to Flyers
TPC Group TPC Group has sold its Baytown Operations to SI Group. The operations include manufacturing assets for nonene, tetramer, and other propylene derivatives, an on-site terminal, and excess land adjacent to the facility. Grace Matthews advised TPC Group on this transaction. Nonene and tetramer are propylene oligomers used as intermediates in the production of
BASF – W.R. Grace & Co. BASF has sold its global Polyolefin Catalysts business to W.R. Grace & Co., a global leader in specialty chemicals and materials. The Polyolefin Catalysts business was part of BASF’s Catalysts division. Grace Matthews, Inc. advised BASF on this transaction. The transaction includes technologies, patents, trademarks, and the transfer of
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ChemQuest Chemicals Edgewater Capital Partners, LLC (“Edgewater”) and Clayton (‘Clay’) Pace, an experienced chemical industry executive, acquired a majority interest in ChemQuest Chemicals, LLC, with Mr. Pace becoming the new CEO of ChemQuest. Grace Matthews advised Edgewater and Mr. Pace on this transaction. Lewis Talbert, the previous owner of ChemQuest, will retain a minority stake
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Equa-Chlor, Inc. Equa-Chlor, Inc., a producer of chlorine, caustic soda and hydrochloric acid, sold its Longview, WA manufacturing operations to PPG Industries (NYSE: PPG) of Pittsburgh, PA. With this acquisition, PPG now operates Equa-Chlor’s former Longview manufacturing plant with 65 former Equa-Chlor, now PPG, employees, producing about 220 tons per day of chlorine. In addition,
CERAC, Inc. CERAC is a leading global supplier of specialty, high-purity inorganic materials for the optical and electronic markets. Facilitator Capital Fund, the majority shareholder, engaged Grace Matthews well in advance of the anticipated sale date to advise CERAC’s board on strategic initiatives that would maximize the value of the company in a future sale.
Pacific Epoxy Polymers, Inc. Richmond, Missouri-based Pacific Epoxy Polymers, Inc., an epoxy resins manufacturer, retained Grace Matthews to create liquidity for its shareholders. Using its in-depth chemical industry knowledge, Grace Matthews contacted multiple interested strategic buyers as part of a competitive search process. Ultimately, Grace Matthews matched Pacific Epoxy with Hexion Specialty Chemicals, a $4
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