International. StanChem offers emulsion polymers for the architectural and industrial markets.
StanChem will operate as StanChem Resins, a division of Deltech's largest platform and will remain under the supervision of current management.
"The strategic acquisition of StanChem represents an important step in further developing our capabilities in the CASE value chain (coatings, adhesives, sealants and elastomers). We look forward to partnering with Paul and the StanChem team during this next phase of growth," said Deltech President and CEO Jesse Zeringue.
StanChem's advanced research and development capabilities, innovative product portfolio, excellent manufacturing flexibility, and strong customer relationships will complement Deltech's existing monomer business, creating opportunities for the company to better serve its customers and find additional business opportunities in line with its vision.
"StanChem has always been a premier supplier of emulsion polymers and Albi has been an innovator in the protective coatings market," said StanChem's current President and CEO Paul Stenson.
"Over the past five years, we have worked to transform the business into a specialty polymer supplier by focusing on the development of proprietary products and the expansion of manufacturing capabilities. We look forward to the next chapter of our growth as part of the Deltech team," added Stenson.
"We remain excited about our investment and see the acquisition of StanChem as a transformation for the business," said SK Capital Managing Director Jon Borell.
