International. 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.
A fund subsidiary advised by SK Capital announces that it has completed the sale of NuCera Solutions to Chase Corporation. NuCera was acquired for a purchase price of $250.0 million, pending any working capital adjustments and excluding costs related to the acquisition.
Following the separation of NuCera, SK Capital successfully established NuCera as an independent market leader, growing the business through the development of a specific global business strategy that resulted in a multitude of new business gains.
"On behalf of SK Capital, we would like to congratulate the teams at NuCera and Chase Corporation. The completion of the transaction represents a positive outcome for all stakeholders involved and we wish both parties continued success," said SK Capital MANAGING Director Mario Toukan.
Jonathan Borell, CEO of SKCapital, said: "Under the ownership of SK Capital, NuCera's success was largely due to building a strong leadership team and a broader organisation, which helped create a market leader well positioned to continue its growth."
