Sector News

Signet LLC acquires Indiana chemical manufacturer

October 24, 2017
Energy & Chemical Value Chain

Investment and development firm Signet LLC says it’s looking to grow its specialty manufacturing investments, and its latest move allows it to do just that.

Signet has acquired Blue Grass Chemical Specialties in New Albany, Ind., for an undisclosed amount, the Akron-based firm announced in a news release on Monday, Oct. 23.

Blue Grass is a contract chemical manufacturer and toll producer of custom products, plus it makes some of its own branded offerings. In its 27,144-square-foot manufacturing facility, the company makes chemicals used in agricultural processes, waste water treatment and nuclear waste irradiation, the release stated.

“We are delighted to add Blue Grass Chemical Specialties to our growing portfolio of manufacturing investments,” Anthony Manna, Signet chairman, said in a statement. “We are actively pursuing specialty manufacturing opportunities in high-growth markets and Blue Grass fits this profile to a tee. We are excited to engage with their executives to add value through our vast corporate resources, which we foresee, in time, will boost revenue and take their business to the next level.”

Like at Signet’s other portfolio companies — which range from book binding and publishing businesses to a corrosion-control polymer maker — the Blue Grass management team will remain in place while Signet executives work with them to revamp the company’s strategy, including branding, officials said.

Signet will look for ways to grow the company and its market potential, plus it plans “operational enhancements and new plant investment” for Blue Grass. A Signet spokesman couldn’t provide additional details about those plans.

“Blue Grass is a successful, mature company with a stable book of business,” Signet president and chief operating office Mark Corr said in the release. “We see a great opportunity for us to build on their strong foundation through investments in brand positioning and awareness in the marketplace, while also supporting strategic enhancements to their infrastructure, manufacturing and business processes.”

Blue Grass, founded in 1969, specializes in the production of metal nitrates, principally ferric nitrate. The company employs 17.

Source: Craig’s Cleveland Business

comments closed

Related News

April 20, 2025

OMV CEO: Borealis, Borouge, Nova merger a ‘game-changer

Energy & Chemical Value Chain

It is indeed a pivotal milestone for OMV and the chemicals industry at large. Together with ADNOC, we are combining Borealis and Borouge to create Borouge Group International. The new entity will acquire Nova Chemicals, further expanding its footprint in North America. The combination is built on highly complementary strengths of these three world-class companies.

April 20, 2025

Ineos Inovyn launches 9th Global Award

Energy & Chemical Value Chain

The awards are designed to recognise pioneering ideas and showcase the vital role vinyl plays. The industry faces an increasingly challenging environment with growing geopolitical uncertainty – highlighting the need for new technologies, sustainability stewardship, and strong leadership.

April 20, 2025

Neste starts up SAF production at Rotterdam Refinery

Energy & Chemical Value Chain

The refinery has been modified to enable Neste to produce up to 500,000 metric tons per year (m.t./yr) of SAF. As a result, Neste’s global SAF production capability has increased to 1.5 million m.t./yr (around 1.875 billion liters). Last year, Neste bolstered its SAF supply capabilities in North America through a partnership with ONEOK to expand terminal capacity in Houston.

How can we help you?

We're easy to reach