M&A Deal Summary

Deltech Acquires StanChem

On October 4, 2022, Deltech acquired chemicals company StanChem from Artemis Capital Partners

Acquisition Highlights
  • This is Deltech’s 1st transaction in the Chemicals sector.
  • This is Deltech’s 1st transaction in the United States.
  • This is Deltech’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2022-10-04
Target StanChem
Sector Chemicals
Buyer(s) Deltech
Sellers(s) Artemis Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Morgan Lewis (Legal)

Target

StanChem

East Berlin, Connecticut, United States
StanChem is a chemical manufacturer specializing in the research, development, manufacture, and marketing of emulsion polymers, adhesives, and specialty coatings for a variety of applications including paints, paper and packaging, building products, textiles, and non-wovens. In addition to its specialty polymers business, the company produces and markets the well-known Albi line of flame retardant products. StanChem was founded in 1968 and based in East Berlin, Connecticut.

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Buyer(S) 1

Buyer

Deltech

Baton Rouge, Louisiana, United States

Category Company
Founded 1988
Sector Chemicals
Employees135
DESCRIPTION

Deltech is a provider in the production of high-performance aromatic monomers and specialized crystal polystyrene. Deltech's portfolio includes vinyl toluene (VT), divinyl benzene (DVB) and para methyl styrene (PMS), in addition to their specialty crystal polystyrene. Deltech was founded in 1988 and is based in Baton Rouge, Louisiana.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Deltech - Monomers Polymers & European Businesses

Baton Rouge, Louisiana, United States

Deltech's Monomers, Polymers & European Businesses provides the production of high-performance aromatic monomers and specialized crystal polystyrene.

Sell -

Seller(S) 1

SELLER

Artemis Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Artemis Capital Partners is a private equity firm focused on buyouts and growth equity investments in industrial technology businesses. Artemis likes businesses with unique and defensible products, technology and/or intellectual property. Specific areas of interest includes industrial automation and software, life sciences laboratory automation and software, controls, devices, sensors and instrumentation. Target companies generate revenues of $2 to $50 million and at least $500k of EBITDA. Artemis is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 6
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 5
State: Connecticut M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 RM Lucas

Alsip, Illinois, United States

RM Lucas is a manufacturer of coatings, sealants, and adhesives for roof repair and restoration. RM Lucas solves complex environmental challenges for its customers - from weather, fire, and wind resistance to reflection, energy efficiency, and effective life increases. RM Lucas was founded in 1912 and is based in Alsip, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 McDanel Advanced Ceramic Technologies

Beaver Falls, Pennsylvania, United States

McDanel Advanced Ceramic Technologies is a developer and manufacturing high-performance proprietary advanced tubular ceramics and components for mission-critical applications across Semiconductor, Aerospace & Defense, Medical, Energy (especially in renewable segment), and other Diversified Industrial end-markets such as aluminum, glass and steel manufacturing and processing. McDanel Advanced Ceramic Technologies is based in Beaver Falls, Pennsylvania.

Buy -