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Chroma Color acquires Epolin Chemicals

June 24/2020

MOSCOW (MRC) -- Chroma Color Corp., (McHenry, Illinois), a leading specialty color and additive concentrate supplier owned by Arsenal Capital Partners, has acquired Epolin Chemicals (Newark, New Jersey), a company that specializes in near-infrared absorbing dyes and thermoplastic compounds, said Chemweek.

Epolin serves customers developing groundbreaking products in sensors, security inks, light filters, touchscreens, night vision products, and eyewear. Epolin will operate as an independent subsidiary of Chroma Color and continue to maintain and invest in its strong customer and supplier relationships.
 
This acquisition of Epolin will contribute significantly to Chroma Colors leadership in the colorants and additives industry, says Tom Bolger, CEO of Chroma. Greg Amato, Epolin CEO, adds, Of the many advantages Epolin customers will enjoy as a result of this transaction is access to Chroma Colors extensive product development, testing, and validation capabilities. Epolins customers can now be served by Chroma Colors ongoing R&D efforts to deliver new solutions for the markets that both Epolin and Chroma Color serve."
 
Genesis Capital acted as the investment banking advisor to Chroma Color, and Grace Matthews provided advisory services to Arsenal Capital Partners. The law firm of Benesch, Friedlander, Coplan & Aronoff acted a legal counsel to Chroma Color. BDA Partners acted as the investment banking advisor to Epolin.

As MRC imformed earlier, Russia's output of chemical products rose by 4.4% year on year in May 2020 . Thus, production of basic chemicals increased year on year by 5.4% in the first five months of 2020. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the output in January-May. Production of benzene was 110,000 tonnes in May 2020, which equalled the figure a month earlier. Overall output of this product reached 615,000 tonnes over the stated period, up by 1.7% year on year.


mrcplast.com
Author:Anna Larionova
Tags:pigmentniy krasitel, construction, paints and coatings.
Category:General News
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