Valentus Specialty Chemicals, which is owned by private equity firm Huron Capital (Detroit, Michigan), has acquired US Coatings (St. Louis, Missouri), a maker of protective and maintenance coatings for industrial applications.
Terms of the deal, including purchase price, were not disclosed. The acquisition will improve US Coatings’ product development and market access efforts, executives say.
US Coatings was founded in 2000, and purchased by executives Mike Reed, Don Thomas, and Larry LeSuere in 2013. Reed, Thomas and LeSueure will continue to work with US Coatings as part of Valentus. Valentus is a holding company focusing on niche coatings markets that has made five acquisitions since December 2015, as part of a buy-and-build strategy undertaken by Huron Capital.
By Vincent Valk
Source: Chemical Week
The European Union said Monday that it has approved Agrofert Group’s acquisition of Borealis AG’s nitrogen business after concluding that the deal wouldn’t raise competition concerns. Agrofert is a Czech conglomerate, while Austrian chemical and fertilizer company Borealis is 75%-owned by OMV AG with the remaining 25% held by Abu Dhabi National Oil Co.
LyondellBasell Industries N.V. and Mepol Group announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland.
Univar Solutions Inc and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion.
