United States. Emerald Performance Materials has completed the sale of the company to a subsidiary of the private equity firm: American Securities LLC. Emerald has been a holding company of Sun Capital Partners affiliates since 2006.
The specialty chemical manufacturer's portfolio includes benzoic acid and derivatives such as fragrance ingredients and plasticizers, specialty resins, reactive liquid polymers and modifiers, antioxidants, accelerators, dyes, foam control products and other additives. Terms of the transaction were not disclosed.
Emerald was formed in 2006 from the divestment of six specialty chemical businesses from Lubrizol and has since made four additional acquisitions in complementary businesses.
New York-based American Securities, with an office in Shanghai, is a U.S. private equity firm that invests in North American companies with annual turnover generally ranging from $500 million to $2 billion. American Securities and its subsidiaries have approximately $10 billion under management.
