An affiliate of funds advised by SK Capital announces that it has completed the sale of NuCera Solutions (“NuCera”) to Chase Corporation (NYSE American, CCF). NuCera was acquired for a purchase price of $250.0 million, pending any working capital adjustments and excluding acquisition-related costs.
Targeted Global Commercial Strategy
Following the carve-out of NuCera, SK Capital successfully established NuCera as a standalone market leader, growing the business through the development of a targeted global commercial strategy which resulted in a multitude of new business wins.
NuCera is a recognized leader in the production and development of specialty polymers and polymerization technologies that serve as mission critical performance additives in demanding applications globally.
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On behalf of SK Capital, we would like to congratulate the NuCera and Chase Corporation teams. The completion of the transaction represents a positive outcome for all stakeholders involved and we wish both parties continued success,” said Mario Toukan, managing director of SK Capital.
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Under SK Capital’s ownership, the success of NuCera was due in large part to the build-out of a strong leadership team and broader organization, which helped create a market leader well-positioned to continue its growth,” added Jonathan Borell, managing director of SK Capital.
Source: SK Capital