MOSCOW (MRC) -- SK Capital completes USD250m sale of NuCera Solutions to Chase Corporation, said the company.
An affiliate of funds advised by SK Capital Partners (SK Capital) has completed the sale of NuCera Solutions (NuCera) to Chase Corporation, a leading manufacturer of protective materials for high reliability applications in a USD350 million deal.
Formed through the carve-out of Baker Hughes’ specialty polymer business, NuCera is a recognised leader in the production and development of specialty polymers and polymerisation 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 standalone market leader, growing the business through the development of a targeted global commercial strategy which resulted in a multitude of new business wins.
We remind, Funds advised by SK Capital Partners, and Edgewater Capital Partners private investment firms focused on the specialty materials and specialty chemicals sectors, announced having entered into exclusive negotiations following submission of their binding offer to acquire the scintillation and photonic crystals business of Saint-Gobain, S.A. SK Capital will lead the investment with Edgewater acting as a meaningful minority shareholder with Board involvement.
SK Capital is a private investment firm with a disciplined focus on the specialty materials, specialty chemicals, and pharmaceuticals sectors.