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Specialty Chemicals

Ascensus changes private equity hands

by Michael McCoy
July 18, 2021 | A version of this story appeared in Volume 99, Issue 26
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A photo of a person working in a chemical plant.
Credit: Ascensus
A borane reactor at the former Callery site in Evans City, Pennsylvania

The investment firm New Mountain Capital has acquired the boron chemistry specialist Ascensus Specialties from Wind Point Partners, another investment firm. Wind Point will reinvest in Ascensus as part of the deal. Ascensus was formed in 2015 when Wind Point acquired Dow’s sodium borohydride business. Ascensus went on to acquire Callery, Montgomery Chemicals, and Strem Chemicals. New Mountain owns or has owned other chemical makers, including Avantor, Gelest, and Aceto.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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