Sector News

SK Capital completes sale of Calabrian to INEOS Enterprises

August 2, 2016
Chemical Value Chain

SK Capital Partners, a private investment firm focused on the specialty materials, chemicals and healthcare sectors, announced that it has completed the sale of Calabrian Corporation to INEOS Enterprises, a subsidiary of INEOS Group.

Calabrian is the North American market leader in liquid sulfur dioxide and also produces a range of SO2 derivatives. Utilizing a proprietary production technology, Calabrian provides environmental and supply chain solutions to customers in the water treatment, personal care, mining, food preservation, oilfield, and disinfection markets.

SK Capital partnered with the founding family of Calabrian in 2011 to recapitalize the Company and drive its next phase of growth and improvement. Since SK Capital’s investment, completed initiatives have included building a strong and deep management team, diversifying the customer base, growing capacity and sales volumes, and expanding Calabrian’s geographic and end market presence.

Commenting on the sale, Jack Norris, a Managing Director of SK Capital, said, “We set out to transform the Company while capturing significant market opportunities through investments in talent, capabilities and capacity. We’re proud of the market leadership and growth trajectory Calabrian has established, and grateful to the Cogliandro family and the management team for the opportunity to partner together and successfully build a strong, thriving business.”

SK Capital Managing Director Barry Siadat added, “When its new production facility in Eastern Canada comes online at yearend, Calabrian’s earnings will have tripled since our acquisition, despite nearly doubling SG&A. The Company’s growth and improvement led to acquisition interest from corporates and drove strong investment returns.”

Randy Owens, Chief Executive Officer of Calabrian, stated, “Calabrian is well positioned to continue to grow and flourish under INEOS’ ownership. I’d like to thank our employees for their dedication and commitment and SK Capital for its strategic, operational and financial support throughout their ownership period.”

Terms of the transaction were not disclosed.

Source: SK CAPITAL

comments closed

Related News

September 25, 2022

France and Sweden both launch ‘first of a kind’ hydrogen facilities

Chemical Value Chain

France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).

September 25, 2022

NextChem announces €194-million grant for waste-to-hydrogen project in Rome

Chemical Value Chain

The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.

September 25, 2022

The problem with hydrogen

Chemical Value Chain

At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?