M&A Deal Summary

Aterian Investment Partners and Artek Surfin Chemicals Acquire Galata Chemicals

On February 26, 2010, private equity firm Aterian Investment Partners and Artek Surfin Chemicals acquired chemicals company Galata Chemicals from Chemtura for 16M USD

Acquisition Highlights
  • This is Aterian Investment Partners’ 1st and Artek Surfin Chemicals’ 1st transaction in the Chemicals sector.
  • This is Aterian Investment Partners’ 2nd and Artek Surfin Chemicals’ largest (disclosed) transaction.
  • This is Aterian Investment Partners’ 2nd and Artek Surfin Chemicals’ 1st transaction in the United States.
  • This is Aterian Investment Partners’ 1st and Artek Surfin Chemicals’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2010-02-26
Target Galata Chemicals
Sector Chemicals
Buyer(s) Aterian Investment Partners
Artek Surfin Chemicals
Sellers(s) Chemtura
Deal Type Divestiture
Deal Value 16M USD

Target

Galata Chemicals

Jersey, New Jersey, United States
Galata Chemicals is a manufacturer and distributor of additives for polyvinyl chloride and associated industries formed with the acquisition of Chemtura's PVC Additives business. It offers organotin heat stabilizers, mixed metal heat stabilizers, epoxidized soybean oil, bio-based plasticizers, organotin catalysts, and polymer modifiers. Galata Chemicals was founded in 2010 and is based in Jersey City.

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Buyer(S) 2

Buyer

Aterian Investment Partners

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aterian Investment Partners is a special situations private equity firm that invests in middle-market businesses that are financially or operationally challenged, or require a creative transaction solution. Aterian invests in businesses generating $25 to $500 million of revenue with strong franchises. Sectors of interest include manufacturing, chemicals, industrials, consumer products, food, beverages, distribution, metals/mining, retail, restaurants, and healthcare services. Aterian Investment Partners LLC is formed in 2009 and is based in New York City.

DEAL STATS #
Overall 2 of 26
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 5
State (New Jersey) 1 of 2
Country (United States) 2 of 25
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-02 EnviroSolutions

Manassas, Virginia, United States

EnviroSolutions, Inc. offers waste management services, such as placing dumpsters, construction waste disposal, waste removal, waste audit, etc. EnviroSolutions was founded in 2003 and is based in Manassas, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-31 Burner Systems International

Chattanooga, Tennessee, United States

Burner Systems International, Inc. is a designer, developer and manufacturer of components and custom solutions for gas appliance OEMs. The company offers product development, supply chain integration, logistics, and support services.

Buy -
Buyer

Artek Surfin Chemicals

Mumbai, India
Category Company
Founded 1990
Sector Chemicals
DESCRIPTION

Artek Surfin Chemicals Ltd. is a specialty chemical companies in India, focusing on surfactants, alkyl alkanol amines, textile chemicals, metal finishing and other specialty chemical sectors. Artek has substantial experience developing and operating chemical plants and distributing and marketing specialty chemical products internationally.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Chemtura

Philadelphia, Pennsylvania, United States
Category Company
Founded 1900
Sector Chemicals
Employees2,500
Revenue 1.7B USD (2015)
DESCRIPTION

Chemtura Corp. is a specialty chemicals company. Chemtura offers a number of products used in the transportation, energy & electronics, and agriculture sectors. Chemtura was formed in 1900 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 2 of 5
Sector (Chemicals) 2 of 5
Type (Divestiture) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 2 of 5
Year (2010) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-17 Chemtura - Fungicide Product Line

United States

Chemtura - Fungicide Product Line helps to Expands Presence in Turf & Ornamental Segment of American Vanguard Corp. The Turfcide® and Terraclor® brands are used to control a wide range of diseases in turf & ornamental applications, certain agricultural crops, and as a component of seed treatment dressingsb

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 DayStar Materials

Pyeongtaek, South Korea

DayStar Materials LLC is a manufacturer and marketer of high-purity metal organic precursors for the rapidly growing LED market.

Buy -
Mergr

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