“We are pleased that the transaction is complete and are eager to continue the global growth of Arizona Chemical under the leadership of American Securities,” explained Kees Verhaar, President & CEO.
American Securities’ portfolio includes General Chemical, MECS, and Fairmount Minerals in the chemical (or related) markets, along with a variety of other successful companies in a wide range of industries.
Rhône Capital will retain 25 percent of the company’s ownership and will continue to participate in its growth and development through pro rata representation on Arizona Chemical’s board of directors.
Arizona Chemical will retain its name and expects there to be no interruption to its operations or customers as a result of this change in ownership.