Add-on Acquisition • Chemicals

J.M. Huber Acquires Active Minerals

On May 13, 2024, J.M. Huber acquired chemicals company Active Minerals from Golden Gate Capital

Acquisition Context
  • This is J.M. Huber’s 4th transaction in the Chemicals sector.
  • This is J.M. Huber’s 2nd transaction in the United States.
  • This is J.M. Huber’s 1st transaction in Maryland.

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M&A Deal Summary

Date May 13, 2024
Target Active Minerals
Sector Chemicals
Buyer(s) J.M. Huber
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Holland & Knight (Legal)

Target Company

Active Minerals

Sparks, Maryland, United States
Active Minerals is a global market provider in the production and distribution of air-float kaolin and gel-grade attapulgite clays for customers in fiberglass, construction, drilling, agriculture, and concrete end markets, among others. The Company’s products provide highly tangible qualities in customers’ end products: Air-float kaolin strengthens fiberglass for usage in printed circuit boards prior to assembly in electronics end products such as phones, tablets, and automobiles. Gel-grade attapulgite is used to increase viscosity of mixtures in a variety of end markets including joint tape compounds used for wallboard construction, and paints & coatings to prevent settling and hard packing. Active Minerals International was founded in 1964 and is based in Sparks, Maryland.
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Buyer Overview 1

Buyer

J.M. Huber

Edison, New Jersey, United States

Category Company
Founded 1883
Sector Chemicals
DESCRIPTION

J.M. Huber Corporation, through its subsidiaries, engages in hydrocolloids, specialty chemicals and minerals, and engineered woods businesses in the United States and internationally.


Deal Context for Buyer #
Overall 5 of 5
Sector: Chemicals 4 of 4
Type: Add-on Acquisition 5 of 5
State: Maryland 1 of 1
Country: United States 2 of 2
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Biolchim

Bologna, Italy

Biolchim is a company focused on the production and commercialization of biostimulants, whose function is to stimulate natural processes to enhance nutrient uptake, nutrient efficiency, tolerance to abiotic stress, and crop quality in full respect of sustainable agriculture values and practices. Biolchim was founded in 1973 and is based in Bologna, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 CP Kelco

Atlanta, Georgia, United States

CP Kelco is a nature-based ingredient solutions company with experience working with food, beverage, consumer and industrial product manufacturers worldwide. The Company's product lines include citrus fiber, gellan gum, pectin, carrageenan, xanthan gum, diutan gum, fermentation-derived cellulose, refined locust bean gum and microparticulated whey protein concentrate. CP Kelco is based in Atlanta, Georgia.

Sell -

Seller Profile 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


Deal Context for Seller #
Overall 83 of 86
Sector: Chemicals 3 of 3
Type: Add-on Acquisition 38 of 39
State: Maryland 3 of 3
Country: United States 75 of 78
Year: 2024 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Virginia Green

Richmond, Virginia, United States

Virginia Green is an operator of residential lawn treatment services with a growing footprint of ten locations and 70,000 customers across key local markets. Virginia Green was founded in 2004 and is based in Richmond, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Vercara

Herndon, Virginia, United States

Vercara is a provider of a purpose-built, global, cloud-based security platform that safeguards businesses’ online presence. Vercara’s mission-critical security portfolio includes best-in-class Domain Name System (DNS) and application and network security solutions (including DDoS and WAF). Vercara was formed in 1996 and is headquartered in Herndon, Virginia.

Sell -