SK Capital Partners has acquired Foremark Performance Chemicals

Lincoln International (“Lincoln”), a leading global mid-market investment bank, represented SK Capital Partners (“SK Capital”) in its acquisition of Foremark Performance Chemicals (“Foremark” or the “Company”), a technology-driven producer of formaldehyde and derivatives, formerly known as D.B. Western – Texas.

Foremark, based in La Porte, Texas, produces formaldehyde (HCHO), urea-formaldehyde concentrates (UFC) and MEA triazine. Constructed in 2001, Foremark’s facility is one of the largest HCHO, UFC and MEA triazine production plants in the world. Foremark serves a diverse range of end markets, including oil and gas, building materials, textiles and chemical processing, among others.

Jack Norris, a managing director at SK Capital, commented, “With a strong understanding of SK Capital’s investment strategy and value proposition, Lincoln helped us identify a unique opportunity and execute a successful transaction, enabling SK Capital to continue to grow its chemicals portfolio. Lincoln’s deep industry knowledge and network led to an outstanding result.”

Federico Mennella, Managing Director of Lincoln, said, “This transaction showcases Lincoln International’s deep industry knowledge in the chemicals arena and our unique ability to manage a successful buy-side process on behalf of a well-known private equity firm focused on the sector. We are delighted to have had the opportunity to represent SK Capital and generate significant value in a competitive process.”

Lincoln acted as the exclusive financial advisor to SK Capital, working closely with the Firm throughout the acquisition process. This included providing due diligence assistance, competitive and industry intelligence and valuation guidance throughout the various phases of the transaction.

Share: