American Securities LLC, Arsenal Capital Partners, and Nordic Capital Fund VI recently announced that American Securities has signed a definitive agreement to acquire Chromaflo Technologies Corp. from Arsenal Capital Partners and Nordic Capital. The transaction is expected to close in November.
“We look forward to partnering with American Securities,” said Scott Becker, president and CEO of Chromaflo. “They are ideally positioned to support our next phase of growth and development as we look to expand our product offerings, geographies, and market reach. American Securities has significant experience in the specialty chemical sector and a broad and experienced team, which will aid in our expansion. We look forward to working with them as we continue to focus on providing highly technical colorant and chemical solutions to our customers and markets.”
“We believe that Chromaflo’s commitment to product innovation, combined with its experienced and customer-focused management team, positions the company for continued growth,” said Scott M. Wolff, managing director of American Securities. “We look forward to bringing our resources to bear to support Scott Becker and the rest of Chromaflo’s management team toward continued success.”