CPS Performance Materials (CPS) announced the acquisition of GEO Specialty Chemicals (GEO). The terms of the acquisition were not disclosed.
GEO is a diverse supplier of specialty chemicals and materials to the coatings, adhesives, medical, water treatment and construction markets.
Establishing Methacrylate Chemistry Market
GEO’s already strong position in methacrylate chemistry where it is a leading supplier to the global coatings and
adhesives markets.
Jeremy Steinfink, President & Chief Executive Officer of CPS said: the company strategy is to focus on investing in GEO’s businesses which complements many of CPS’s existing positions in attractive end markets such as CASE additives, specialty chemicals for pharma and medical uses, nutrition, personal care and a wide range of industrial applications.
Ken Ghazey, Chief Executive Officer of GEO said: that CPS is a great fit for the employees and business partners and he looks forward to working with Arsenal and the CPS team to continue to build the platform.
Sal Gagliardo, Operating Partner of Arsenal and the Chairman of CPS commented: that the addition of GEO to CPS builds on the company’s strategy to expand the breadth of their specialty chemicals platform with highly complementary capabilities and resources.
The acquisition strengthens CPS’s technology offerings to both GEO’s and CPS’s customers and positions CPS for significant growth.
The Valence Group acted as financial advisor to Arsenal and CPS.
Source: CPS Performance Materials