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Energy Storage

DMSO maker Gaylord Chemical to change hands

by Michael McCoy
October 19, 2018 | A version of this story appeared in Volume 96, Issue 42

 

The private equity firm EagleTree Capital has acquired a majority stake in Gaylord Chemical, the only U.S. producer of dimethyl sulfoxide (DMSO), from the management team that owned Gaylord. CEO Paul Dennis and other shareholders will continue to have stakes in the firm. Gaylord produces DMSO and dimethyl sulfide in Tuscaloosa, Ala. DMSO is widely used as a solvent in drug and agrochemical synthesis.

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