Advised on Sale of CompanyMaterials, Chemicals & Mining
Acquired Selected Assets
Capstone Partners (IMAP USA) advised Deltech Holdings LLC, a producer of enhanced performance aromatic monomers and performance polymers, on the sale of its Monomers, Polymers, and European Businesses to SK Capital.
Deltech operates production units in Baton Rouge, LA to manufacture methyl styrenes and other specialty aromatic monomers, a plant in Dayton, OH which manufactures polystyrene, and European manufacturing operations. Deltech began operations in 1988 producing PMS (para-methylstyrene) using a process licensed only to Deltech. In 1992, the plant was expanded to allow production of the complimentary methyl styrene product, VT (vinyl toluene). PMS contains 95% para isomer while VT is a mixture of the meta and para isomers. Methyl styrene monomers provide improved performance in resins and plastics for specialty paints, hydrocarbon resins for adhesives, specialty polymers and unsaturated polyester resins.
SK Capital has acquired a majority interest in the Baton Rouge, LA-based business. Bob Elefante, one of Deltech’s original founders and current President and CEO, is retaining a significant ownership stake in the Company and will remain actively involved in the business, including serving on the Board of Directors.
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals, and pharmaceuticals sectors. The firm seeks to build strong and growing businesses that create substantial long-term value. SK Capital’s portfolio of businesses generates revenues of approximately $11 billion annually, employs more than 16,000 people globally and operates 153 plants in 28 countries. The firm currently has greater than $5 billion of assets under management.