EverZinc Closes Acquisition of Canadian Manufacturer G.H. Chemicals.
M2 EQUITYBITES-January 25, 2019-EverZinc Closes Acquisition of Canadian Manufacturer G.H. Chemicals
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25 January 2019 - US-based private equity firm OpenGate Capital's portfolio company, European specialty zinc chemical business EverZinc, has acquired G.H. Chemicals Ltd., and Microzinc Inc., collectively referred to as "GHC," a Canadian manufacturer and exporter of French Process zinc oxide products, the firm said.
Terms of the transaction were not disclosed.
GHC was established in 1974 and is based in Saint Hyacinthe, Quebec.
Through its manufacturing facility, GHC produces four grades of French Process zinc oxide used for pharmaceutical and food products, as well as fertilizer and feed grades, and various grades for rubber compounding.
The business was acquired from Stephan Tabah and Philippe Bailet. GHC has a seasoned team of professionals and a highly trained employee base of 58 people serving a customer base of industrial, pharmaceutical and agriculture customers.
OpenGate has completed two add-on investments including G.H. Chemicals and Aico S.P.A, an Italian manufacturer of home heating products, an add-on to Jotul Group, acquired in March of 2018.
Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate's professionals possess the critical skills needed to acquire, transition, operate, build and scale successful businesses.
EverZinc is in the production of zinc materials with four product lines: fine zinc powders, zinc oxide, ultra-fine zinc powder and zinc powders for batteries. Industrial operations are in Belgium, the Netherlands, Norway, China and Malaysia.
Close to 175,000 tons of materials are produced from eight facilities to serve our global customer base. EverZinc products are used in a range of applications including anti-corrosion paints, tires, pharma/chemicals, ceramics and glass, sunscreen, alkaline batteries and other products.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jan 25, 2019|
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