FAR will be exhibiting at ChemSpec Europe May 31 – June 1, 2017 in Munich, Germany. Contact us to schedule a meeting or come see us in the SOCMA member pavilion.
FAR Chemical and Edgewater Capital Partners announce acquisition of Acetylacetonates Product Line of MacKenzie Chemicals Cleveland, OH and Palm Bay, FL. Edgewater Capital Partners, LLC (“Edgewater”) is pleased to Announce
FAR Chemical Acquires Acetylacetonates Product Line
Cleveland, OH and Palm Bay, FL. Edgewater Capital Partners, LLC (“Edgewater”) is pleased to announce that its portfolio company, FAR Chemical, Inc. (“FAR”), has completed the acquisition of the acetylacetonates product line and related assets of MacKenzie Chemical, LLC (“MacKenzie”). Financial terms were not disclosed.
Based near New Orleans, Louisiana, MacKenzie is a manufacturer of metal acetylacetonates utilized as catalysts, cross linkers, curing agents and stabilizers, primarily for use in adhesives and urethane applications. Operating in Louisiana since 1977, MacKenzie is one of the few domestic manufacturers of metal acetylacetonates due to their high purity and demanding specification requirements.
“For Edgewater, the acquisition marks an important step in executing our strategic focus in organometallic chemistries and the addition of a proprietary product platform at FAR. Additionally, the AcAc products enjoy a diverse application and end market portfolio and act as a critical component of each customers’ end product,” commented Bob Girton, Principal of Edgewater and Member of the Board of Directors at FAR.
“MacKenzie has earned a strong reputation as a provider of quality metal acetylacetonates, and we are excited at the opportunities this partnership will create for both companies and our valued customers,” said Joe Beatty, CEO of FAR.
“I feel FAR Chemical is an excellent successor to MacKenzie. Their broad manufacturing experience in custom chemicals and dedicated customer focus will serve Mackenzie’s customers very well. In addition the support from Edgewater Capital Partners will allow our current customers even more opportunities to collaborate and enhance the long and deep relationships that already exist,” said Martin Lapari. President of MacKenzie Co.
About FAR Chemical
FAR is a leading manufacturer of fine and specialty chemical products sold to a variety of industries and applications, including pharmaceutical reagents and intermediates, advanced polymers, organometallics, silane & bromine chemistries, and structural composites. FAR prides itself in its diverse and versatile production assets, its ability to handle difficult and hazardous chemistries with the utmost safety, and its technical capabilities, which enables us to be a valuable partner to our customers’ product or process development.
About MacKenzie Chemical
Mackenzie was founded by the late Mr. Ian Mackenzie shortly after World War II and has been a leading manufacturer of metal acetylacetonates ever since. In addition to this product line of chemicals, Mackenzie has worked with many large and small companies to help develop new technologies in the areas of nutraceuticals, electron-transfer polymers, resins and nanomaterials.
About Edgewater Capital Partners
Edgewater Capital Partners, headquartered in Cleveland, Ohio, is a sector focused private equity firm investing in lower, middle-market performance materials businesses. Edgewater has extensive experience and expertise in niche manufacturers of specialty chemicals, pharmaceuticals, and engineered substances. Twenty years of industry specific investing has allowed the Firm to develop a deep understanding of the complexities and nuances common to these businesses. Edgewater is strategic, patient capital looking for opportunities to partner with owner-operators, management teams, and employees in developing, enhancing, and growing market leading businesses. For more information on Edgewater Capital Partners, visit www.edgewatercapital.com
We will be exhibiting at CPHI North America / INFORMEX at Informex USA in Philadelphia, May 16-18, 2017. Please visit us. Contact Joseph Beatty at [email protected] or by telephone at 321-723-6160 to schedule a meeting or come see us at booth 1234.
We will be at ChemSpec Europe 2016 in Basel, Switzerland June 1 – 2, 2016. Please visit us at SOCMA Booth H10. Contact Joseph Beatty at [email protected] or by telephone at 321-723-6160 to schedule a meeting.
Mr. Joseph Beatty is attending Ceramics Expo 2016, April 26 – 28 in Cleveland, Ohio. Please contact Joe at [email protected] or by telephone at 321-723-6160 to schedule a meeting.
We will be at Informex USA in New Orleans, LA, February 2 – 4, 2016. Please visit us at Booth 1413. Contact Laura Svendsen at [email protected] or by telephone at 321-723-6160 to schedule a meeting.