HOUSTON (ICIS)--US private equity firm Palo Duro Capital and a special purpose vehicle (SPV) have formed CCR Specialty Chemicals, a specialty formulator of performance chemicals, following the acquisitions of Crowley Chemicals and Rusmar.
The dedicated chemical sector SPV is controlled by Mario Toukan, a chemicals mergers and acquisitions (M&A) banker.
Crowley produces specialty aromatic oil blends used by compounders to extend aromatic polyurethanes, epoxy resins, aromatic-based rubbers, polyvinyl chloride (PVC) plastisols, as well as unsaturated polyester resins.
Rusmar develops water-based and latex-based aqueous foam solutions for health and environmental applications in the landfill, environmental remediation and mining markets.
“The management team at CCR is tremendously excited to partner with this team of seasoned specialty chemical investors,” said Bill Callanan, CCR CEO and chairman. “We have an exceptional opportunity to accelerate growth and make investments in product formulations to provide tailored solutions for our customers.”
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