M&A Deal Summary

CC Industries Acquires Foremark Performance Chemicals

On April 25, 2024, CC Industries acquired chemicals company Foremark Performance Chemicals from SK Capital Partners

Acquisition Highlights
  • This is CC Industries’ 1st transaction in the Chemicals sector.
  • This is CC Industries’ 4th transaction in the United States.
  • This is CC Industries’ 1st transaction in Texas.

M&A Deal Summary

Date 2024-04-25
Target Foremark Performance Chemicals
Sector Chemicals
Buyer(s) CC Industries
Sellers(s) SK Capital Partners
Deal Type Add-on Acquisition

Target

Foremark Performance Chemicals

League City, Texas, United States
website
Foremark Performance Chemicals is a manufacturer and commercializes formaldehyde, urea-formaldehyde concentrate, and MEA Triazine. Foremark Performance Chemicals was founded in 1975 and is based in League City, Texas.

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Buyer(S) 1

Buyer

CC Industries

Chicago, Illinois, United States

Category Company
Founded 1986
Sector Business Services
DESCRIPTION

CC Industries, Inc. operates under the umbrella of Henry Crown & Company and is the holding and management company for the Crown family’s privately held operating companies. CC Industries, Inc. was founded in 1986 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 4
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 CIE

Marion, Indiana, United States

CIE operates a commercial-scale distillery, which serves customers from Fortune 500 spirit, food, and fragrance brands to niche artisan craft distilleries. CIE was formed in 2004 and is based in Marion, Indiana.

Buy -

Seller(S) 1

SELLER

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.


DEAL STATS #
Overall 14 of 14
Sector (Chemicals) 9 of 9
Type (Add-on Acquisition) 7 of 7
State (Texas) 3 of 3
Country (United States) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Ipackchem

Paris, France

Ipackchem is a manufacturer of barrier packaging. Its products are mainly used in the transport and storage of aromas, fragrances, and agrochemical products, for which permeability, contamination, and evaporation constraints are critical. Ipackchem Group is based in Paris, France.

Sell $538M