Equity firm acquires Emerald Performance Materials

Rubber News reports that New-York-based private equity firm American Securities L.L.C. plans to acquire specialty chemicals maker Emerald Performance Materials L.L.C. from Sun Capital, Inc. The deal is being executed with the cooperation of members of Emerald’s management team. Emerald, which is based in Cuyahoga Falls, Ohio, was formed in 2006 as an affiliate of Sun Capital Partners, following the divesture of certain businesses from Lubrizol. The company produces chemicals for a range of niche consumer and industrial markets—including tires, structural adhesives, coatings, composites, flooring, flavors and fragrances, and food and beverages. The transaction is expected to close in the third quarter and is subject to customary closing conditions and regulatory approvals. Financial details and the names of the members of the management team involved in the purchase were not disclosed.