SK Capital Buys Deltech Businesses
Private equity company SK Capital Partners has purchased a majority stake in the monomers, polymers and European businesses of Deltech Holdings. Financial terms and the size of the stake were not disclosed, although Deltech’s founder and current president and CEO Bob Elefante is retaining a “significant” share and will remain actively involved in the company, including serving on the board of directors.
“Deltech is a world leader in the production of high-performance aromatic monomers and specialized crystal polystyrene,” said Mario Toukan, managing director at SK Capital. “Deltech offers an attractive product portfolio with leading market positions in niche technologies. Their portfolio includes vinyl toluene, divinyl benzene and para methyl styrene, in addition to their specialty crystal polystyrene. Deltech’s products deliver critical attributes to products across a diverse set of end markets, including coatings and adhesives resins, ion exchange resins, insulation and molded composites, to name a few.”
The acquisition includes Deltech’s headquarters and manufacturing facility in Baton Rouge, Louisiana, as well as additional manufacturing plants in Troy, Ohio, and Haverhill in the UK, along with its global field operations. The company employs 135 people.
SK Capital managing director Jonathan Borell said the company plans to expand commercial applications for Deltech’s highly specialized monomers and polymers.
Author: Elaine Burridge, Freelance Journalist
