Issue Date: August 20, 2012
Acquisition Unites Peroxide Producers
United Initiators has acquired Syrgis Performance Initiators from Syrgis Performance Products for an undisclosed sum. United and SPI are private-equity-backed firms that produce organic peroxides used in polymer manufacturing and other applications. SPI had sales last year of about $50 million. United Initiators, a German company that was once part of Degussa, says the acquisition will bring its annual sales to more than $250 million. Dave Lamb, an executive with Vision Capital, United’s main owner, says his firm invested in United last year with an eye to consolidation in the organic peroxide sector.
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