14 August 2013 22:27 [Source: ICIS news]
HOUSTON (ICIS)--US-based Quinpario Acquisition raised $172.5m (€129.4m) from its initial public offering, and it will focus on acquiring companies valued at up to $1bn, the company said on Wednesday.
Those acquisition targets will be in the specialty-chemicals and performance-materials sectors, said Jeffry Quinn, CEO of the company.
Quinn was the former head of Solutia before it was acquired by Eastman Chemical.
His firm waged a proxy battle with Ferro, and Quinn now sits on that company's board, along with David Lorber, a co-founder of FrontFour Capital Group.
($1 = €0.75)
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