Divestiture • Chemicals

SK Capital Partners Acquires Deltech - Monomers Polymers & European Businesses

On August 23, 2021, private equity firm SK Capital Partners acquired chemicals company Deltech - Monomers Polymers & European Businesses from Deltech

Acquisition Context
  • This is SK Capital Partners’ 20th transaction in the Chemicals sector.
  • This is SK Capital Partners’ 21st transaction in the United States.
  • This is SK Capital Partners’ 1st transaction in Louisiana.

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M&A Deal Summary

Date August 23, 2021
Target Deltech - Monomers Polymers & European Businesses
Sector Chemicals
Buyer(s) SK Capital Partners
Sellers(s) Deltech
Deal Type Divestiture

Target Company

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.
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Buyer Overview 1

Buyer

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


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 Context for Buyer #
Overall 32 of 45
Sector: Chemicals 20 of 21
Type: Divestiture 14 of 17
State: Louisiana 1 of 1
Country: United States 21 of 28
Year: 2021 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Niacet

Niagara Falls, New York, United States

Niacet is a producer of specialty ingredients for food, feed, and pharmaceutical applications and the global leader in propionates and acetates. The Company’s propionates function as preservatives in baked goods and animal feed, while its acetates serve a wide variety of food and pharmaceutical applications. Niacet was established in 1978 and is based in Niagara Falls, New York.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 Wavelength Pharmaceuticals

Petah Tikva, Israel

Wavelength Pharmaceuticals is a developer and manufacturer of generic APIs and finished dose forms (“FDF”) with operations primarily located in Israel and supporting functions in the U.S. and India. The Business has a global customer base and a broad array of products that leverage its specialized manufacturing capabilities and core competency in complex chemistries. Wavelength Pharmaceuticals is based in Petah Tikva, Israel.

Sell -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Divestiture 1 of 1
State: Louisiana 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 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.

Buy -