Golden Gate Capital Completes Acquisition of ArrMaz Custom Chemicals
Transaction represents fourth investment in the industrials sector
San Francisco, CA (January 7, 2013) – Golden Gate Capital announced today that it has completed the acquisition of ArrMaz Custom Chemicals, a leading provider of process chemicals and functional additives for the fertilizer, industrial minerals and asphalt industries. ArrMaz will remain headquartered in Mulberry, Florida, led by the current management team, who will remain significant investors in the Company. Terms of the transaction were not disclosed.
“We were attracted to ArrMaz as an investment due to its unique market leadership position, significant competitive advantages and long term growth potential,” said Rajeev Amara, a Managing Director of Golden Gate Capital. “We are committed to further investing in the Company to expand its global footprint and potentially leverage its highly specialized knowledge of surfactants into other end markets.”
“We are excited to work with Golden Gate Capital to accelerate our growth,” said Hank Waters, CEO of ArrMaz. “Golden Gate Capital’s investment validates the strength of ArrMaz’s value proposition, which is built on world-class products and exceptional customer service delivered by our talented employees. Golden Gate Capital’s substantial financial resources and long term outlook will enable ArrMaz to capitalize on an array of opportunities across the globe both organically and through acquisitions.”
GE Capital and Ares Capital provided financing to support the transaction. Lazard Middle Market advised ArrMaz. The Valence Group and Kirkland & Ellis advised Golden Gate Capital.
About ArrMaz Custom Chemicals
Founded in 1967, ArrMaz is a producer of a wide variety of process chemicals, which are generally custom formulated to meet customer specifications. ArrMaz is the leading producer of functional additives and process aids to the fertilizer and asphalt industries and is a significant provider of chemical products to related minerals mining industries. ArrMaz is headquartered in Mulberry, Florida and distributes its products in over 70 countries, with production facilities in key locations worldwide. For more information, www.am-cc.com.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $12 billion of capital under management. Golden Gate Capital is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types. Other notable industrials investments sponsored by Golden Gate Capital include US Silica, EP Minerals and Atrium Windows. For more information, visit www.goldengatecap.com.