IGM Resins, which is backed by Arsenal Capital Partners, has acquired Insight High Technology (IHT) Group. Financial terms weren’t announced. IHT makes photoinitiators, pharmaceutical intermediates and fine chemicals in China.
Charlotte, NC, USA—Aug. 4, 2014—IGM Resins, Inc., a leader in the development, manufacture and supply of products and technical services to the global UV ink and coatings industry (a portfolio company of Arsenal Capital Partners), has announced the acquisition of Insight High Technology (IHT) Group. IHT is the leading manufacturer of photoinitiators, pharmaceutical intermediates and fine chemicals in China with strengths in technology innovation, scale-up and production.
“We are very pleased that our long-time partner, IHT, has joined IGM,” said IGM Resins CEO Edward Frindt. “Their great strength in development of new materials, manufacturing capabilities and position in the Asia UV market combined with IGM’s market strength in the rest of the world creates a powerful organization offering depth and breadth of products and technical service to our global customers. We also are committed to supporting the pharmaceutical intermediates business, as we have developed strong partnerships and working relationships in this area.”
“The union with IHT further strengthens IGM’s global position as a leader in photoinitiators and pharmaceutical intermediates,” said Sal Gagliardo, IGM Chairman and Operating Partner of Arsenal Capital Partners.
“IGM and IHT will increase the pace of development of new materials for UV through a joint effort amongst our technical centers in China, Europe and the U.S.,” Andrew Chambers, VP of EMEA and Global PI Manager, said. Products will be consolidated under IGM’s Omnipol, Omnirad and Omnicat brands.
About Insight High Technology Group
IHT Group is the leading manufacturer of photoinitiators, pharmaceutical intermediates and fine chemicals in China with strengths in technology innovation, scale-up and production. IHT Beijing’s R&D Center has developed more than 30 photoinitiators in free radical, cationic and polymeric technologies which are manufactured by IHT for distribution to the global UV curing market. IHT Jiangsu specializes in R&D and production of pharmaceutical intermediates, fine chemicals and customized chemicals for customers worldwide. IHT facilities are certified and conform to the standards of ISO 9001:2008 QM System. IHT Jiangsu also is certified for ISO 14001:2004 and OHSAS 18001:2007, and its GMP Workshops and QM System have been certified by its pharmaceutical company partners. For more information, visit: www.iht.com.cn.
About IGM Resins, Inc.
IGM specializes in the development, manufacture and supply of products and technical services to the global UV ink and coatings industry. IGM produces and distributes a full range of radiation curable materials including acrylate oligomers and monomers, photoinitiators, and additives from manufacturing facilities in the EU, USA, and Asia, supported by technical labs in the EU, USA, Asia, and South America to help create next generation energy curable coatings, inks and adhesives. For more information, visit: www.igmresins.com.Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.