According to an agreement between American Securities LLC, Arsenal Capital Partners, and Nordic Capital Fund VI, American Securities LLC has acquired Chromaflo Technologies Corp. (“Chromaflo”) from Arsenal Capital Partners and Nordic Capital. By November 2016, the transaction is expected to complete.
Chromaflo, with headquarters at Ashtabula, Ohio, is a leading independent global supplier of colorant systems, chemical and pigment dispersions. Chromaflo has been serving the customers for more than eighty years across six continents with more than 200 product lines and 7,000 products in colorant systems and chemical pigment dispersions.”We believe that Chromaflo’s commitment to product innovation, combined with it’s experienced and customer-focused management team, positions the Company for continued growth. We look forward to bringing our resources to bear to support Scott Becker and the rest of Chromaflo’s management team toward continued success”, said Scott M. Wolff, Managing Director of American Securities.
Scott Becker, President, and CEO of Chromaflo stated, “We look forward to partnering with American Securities. 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.”