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Business
Investment firm Ardian buys stake in Angus Chemical
by Michael McCoy
October 16, 2020
| A version of this story appeared in
Volume 98, Issue 40
The investment firm Ardian has acquired a 50% stake in Angus Chemical from another investment firm, Golden Gate Capital. The parties say the deal values Angus at about $2.25 billion. Golden Gate bought Angus from Dow in 2015 for $1.2 billion. Illinois-based Angus calls itself the world’s only company dedicated to making nitroalkanes and their derivatives. Golden Gate says it has “meaningfully” grown the company over the past 5 years while repositioning it to focus on premium consumer applications.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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