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  6. Chroma Color Acquires Breen Color

M&A Deal Summary

Chroma Color Acquires Breen Color

On October 31, 2017, Chroma Color acquired chemicals company Breen Color from Heartwood Partners

Acquisition Highlights
  • This is Chroma Color’s 1st transaction in the Chemicals sector.
  • This is Chroma Color’s 1st transaction in the United States.
  • This is Chroma Color’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-10-31
Target Breen Color
Sector Chemicals
Buyer(s) Chroma Color
Sellers(s) Heartwood Partners
Deal Type Merger

Target

Breen Color

Lambertville, New Jersey, United States
East Coast Colorants LLC is a provider of custom color concentrates for the plastics industry with a focus on serving the wire & cable, packaging, and consumer end markets. The company’s expertise in custom color formulations for PVC resins has enabled it to become the market leader in a broad range of market applications. East Coast Colorants was founded in 1976 and is based in Lambertville, New Jersey.

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Buyer(S) 1

Buyer

Chroma Color

McHenry, Illinois, United States
Category Company
Sector Chemicals
DESCRIPTION

Chroma Color is a supplier of color concentrates and additives for the plastics market. The company was formed through the combination of three businesses: Carolina Color, Breen Color Concentrates and Chroma. Chroma Color is based in McHenry, Illinois.

DEAL STATS #
Overall 1 of 5
Sector (Chemicals) 1 of 5
Type (Merger) 1 of 1
State (New Jersey) 1 of 2
Country (United States) 1 of 5
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Chroma

McHenry, Illinois, United States

Chroma Corp. is a specialty color and additive concentrate business. Chroma Corporation’s private ownership allows our expert polymer and color engineers to be independent and unbiased as they select from over 50 engineering resins and hundreds of pigments, additives and modifying additives to tailor a thermoplastic compound designed to meet your specific end-use requirements.

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Seller(S) 1

SELLER

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.

DEAL STATS #
Overall 14 of 21
Sector (Chemicals) 1 of 2
Type (Merger) 1 of 1
State (New Jersey) 2 of 3
Country (United States) 14 of 21
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-26 CMI

Marietta, Georgia, United States

CMI is a manufacturer of marine vinyl sheet piling and benefits. CMI’s product line includes vinyl, composite, and aluminum sheet piling for cut-off & containment, flood protection, and water control as well as aluminum docks and access bridges used primarily for access to marine locations. CMI customers include distributors, contractors, engineering firms, commercial institutions (hotels, oil refineries, etc), and government entities. CMI was founded in 1987 and is based in Marietta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 Fletcher-Terry

East Berlin, Connecticut, United States

Fletcher-Terry is a manufacturer and distributor of equipment and consumables to the picture framing, wood working, and glass end-markets. Fletcher-Terry is made up of six brands – Fletcher, Alfamacchine, Albin, AMP, Picture Perfect and Atlas Saw & Tool – marketed under the corporate umbrella Fletcher Business Group. Company offers its customers solution-driven technologies for Frame Joining; Mitre Cutting; Substrate Cutting; Hanging and Display; Assembly|Finishing; Automated Glass Cutting; Saw Blade Technology and Sharpening Services. Fletcher-Terry was founded in 1868 and is based in East Berlin, Connecticut.

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