Emerald Performance Materials LLC recently announced that it has completed the sale of the company to an affiliate of private equity firm American Securities LLC. Emerald has been an affiliated portfolio company of Sun Capital Partners since 2006.
“We are excited about the completion of the sale of our company to American Securities and the opportunity to build upon the track record we have established,” said Candy Wagner, president and CFO. “We are extremely proud of our accomplishments during our tenure as a Sun Capital Partners portfolio company—doubling the company’s revenue and achieving a three-fold improvement in EBITDA. Emerald’s employees are enthusiastic about the next step in our future and remain committed to continued innovation and growth of our company, while helping our customers and suppliers achieve their growth goals. We have many exciting opportunities ahead of us and look forward to this next phase as an affiliate of American Securities.”
Scott M. Wolff, managing director at American Securities, said, “American Securities is committed to supporting the strategic vision of the Emerald management team and investing in continued growth of the company. Emerald represents a compelling investment opportunity and leverages our industry knowledge and track record in the specialty chemicals sector. We look forward to working with management to achieve Emerald’s full potential as the team executes on its strategy to expand its portfolio and global capabilities.”