MFG Chemical, a specialty chemical manufacturer of polymers, surfactants and esters, said on Thursday that it has acquired Gulf Bayport Chemicals. GBC has plant operations at Pasadena, Texas, producing maleic anhydride derivatives for the epoxy curing, food starch additives, consumer goods, paper, and oilfield industries. In addition, GBC provides a variety of contract manufacturing, warehouse and transportation services for third parties.
“The acquisition of GBC expands MFG’s geographic footprint into the Gulf Coast, demonstrating commitment to our customers in the region,” said Keith Arnold, CEO of MFG Chemical. The site benefits from direct rail access and an extensive utility infrastructure, providing MFG the opportunity to significantly expand its manufacturing capacity.
MFG’s products are used in the oil field, water treatment, mining, coatings, agricultural and other industrial markets. In June 2017, MFG was acquired by Platte River Equity, a Denver-based private equity firm focused on investments in lower middle market companies across various industrial sectors.
By Natasha Alperowicz
Source: Chemical Week
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