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Business

Two firms get new private owners

by Marc S. Reisch
October 17, 2016 | APPEARED IN VOLUME 94, ISSUE 41

Two chemical firms are being sold to new private equity buyers. Equistone Partners Europe has acquired a majority stake in United Initiators, a maker of organic peroxides and sulfates, from Vision Capital and Speyside Equity for an undisclosed sum. Speyside acquired United Initiators, which has annual sales of $260 million, from Evonik Industries in 2008. Separately, American Securities has agreed to buy Chromaflo Technologies from Arsenal Capital Partners and Nordic Capital. Chromaflo makes colorants and pigment dispersions for coatings and composites.

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