Emerald Performance Materials, a portfolio company of Sun Capital Partners, has completed its buy of DSM Special Products. The seller was Royal DSM N.V. Financial terms weren’t announced. DSM Special Products, of the Netherlands, makes toluene oxidation products. Sun Capital is a Boca Raton, Fla.-based PE firm.
We are pleased to announce that Emerald Performance Materials (“Emerald”), an affiliate of Sun Capital Partners, Inc. (“Sun Capital”), has completed the acquisition of DSM Special Products, BV (“DSP”) from Royal DSM N.V.
DSP is a leading global manufacturer of toluene oxidation products with a manufacturing facility in Rotterdam. DSP manufactures sodium benzoate and benzoic acid which are sold under the Purox® brands, as well as benzyl alcohol and benzaldehyde. These materials are used as high purity preservatives, anti-microbials, flavor and fragrance ingredients for food and beverages, cosmetic and household products, coatings, agrochemical, pharmaceutical and feed applications.
Emerald is a U.S. producer and marketer of specialty chemicals for food and industrial applications. DSP represents Emerald’s third strategic acquisition and is the 250th acquisition completed by affiliates of Sun Capital since inception.
About Sun Capital: Sun Capital Partners is a leading private investment firm focused on leveraged buyouts, equity, debt and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in 250 companies worldwide since its inception in 1995, with combined sales in excess of $40 billion. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen.