ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Mergers & Acquisitions

Arsenal buys Geo Specialty Chemicals

by Marc S. Reisch
September 6, 2019 | APPEARED IN VOLUME 97, ISSUE 35

 

Private equity firm Arsenal Capital Partners has acquired Geo Specialty Chemicals. Financial details were not released. Geo supplies materials for coatings, adhesives, water treatment, and contact lenses from 19 production sites in the US and Europe. Arsenal says the acquisition will expand its CPS Performance Materials specialty chemical platform. That unit includes Cyalume Technologies, a maker of chemiluminescent light sticks and pharmaceutical components Arsenal acquired in 2017, and FAR Chemicals, a maker of polymers and fine chemicals acquired in 2018. Geo says it holds a leading position in methacrylate chemistry and calls itself the largest US producer of glycine, an amino acid used in nutrition and personal care products. Geo was founded in 1993 by former Exxon Chemical executives George P. Ahearn and William P. Eckman. It grew by acquiring assets from large chemical firms, including aluminum sulfate businesses from Rhône-Poulenc and Cytec, and Henkel’s specialty paper chemicals business. Over the past few years, Geo has had a series of cash-flow problems and has battled competitors it accused of dumping glycine into the US market.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment