Audax Group Announces the Add-on Acquisition of Dosicolor for ColorMatrix.BOSTON -- Audax Group announced it has completed the add-on acquisition of Dosicolor for ColorMatrix. Headquartered in Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Argentina, Dosicolor is one of Latin America's leading colorant col·or·ant n. Something, especially a dye, pigment, ink, or paint, that colors or modifies the hue of something else. adj. Of or being a subtractive primary color. suppliers to the plastics industry. The acquisition complements Audax' May 2006 purchase of ColorMatrix, a leading manufacturer of liquid color and additive concentrates for thermoplastic A polymer material that turns to liquid when heated and becomes solid when cooled. There are more than 40 types of thermoplastics, including acrylic, polypropylene, polycarbonate and polyethylene. products. Audax was attracted to Dosicolor's strong, local market presence in the fast growing plastics packaging market and to their unique formulation and dispensing technology. Dosicolor's brand will be expanded, broadening geographic exposure for Dosicolor's product development and manufacturing platform. Dosicolor's existing customers will benefit from access to process, product and technological support from a global leader delivered locally via Dosicolor's existing operations. Geoffrey S. Rehnert, Co-CEO of Audax Group, said "Dosicolor allows us to expand ColorMatrix' reach in South America complementing its existing footprint in North America, Europe and Asia. In addition we will leverage Dosicolor's unique technology across the ColorMatrix platform." Ropes & Gray LLP LLP - Lower Layer Protocol advised Audax Group. Financing was provided through an increased commitment from GE Antares Capital and GSO GSO abbr. general staff officer Capital. ABOUT AUDAX GROUP Audax Group, founded in 1999, is a leading investor in middle market companies. With offices in Boston and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Audax manages in excess of $2.5 billion in equity and mezzanine debt capital. For more information visit the Audax Group website http://www.audaxgroup.com |
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