SK Capital has sold NuCera, a leader in the production and development of specialty polymers and polymerization technologies, to Chase in a $250 million deal.
WHO: Formed through the carve-out of Baker Hughes' specialty polymer business, NuCera is a recognized leader in the production and development of specialty polymers and polymerization technologies that serve as mission-critical performance additives in demanding applications globally. The company operates globally with headquarters in Houston, Texas, a primary production facility in Barnsdall, Oklahoma, and international sales offices in France and Singapore.
Following the carve-out of NuCera, SK Capital successfully established NuCera as a stand-alone market leader, growing the business through the development of a targeted global commercial strategy which resulted in a multitude of new business wins.
Founded in 1946, Chase Corporation is a global specialty chemicals company and a leading manufacturer of protective materials for high-reliability applications throughout the world.
IN THEIR OWN WORDS: "On behalf of SK Capital, we would like to congratulate the NuCera and Chase Corporation teams. The completion of the transaction represents a positive outcome for all stakeholders involved and we wish both parties continued success," said Mario Toukan, Managing Director of SK Capital.
"Under SK Capital's ownership, the success of NuCera was due in large part to the build-out of a strong leadership team and broader organization, which helped create a market leader well-positioned to continue its growth," added Jonathan Borell, Managing Director of SK Capital.
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