Issue Date: April 7, 2008
Aristech Acrylics Is Sold To Investors
SK Capital Partners, an affiliate of the merchant bank Valence Group, has acquired Aristech Acrylics from Mitsubishi Corp. With annual sales of about $140 million, Aristech Acrylics is a top supplier of acrylic sheet and solid-surface products for bathroom, countertop, signage, and other applications. This is the first deal for Valence and SK, which were both formed in September 2007. Barry Siadat, a managing director of SK, says his company is seeking further deals. Siadat is a former chemical company executive who was with the private equity firm Arsenal Capital Partners until last fall.
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