Headquartered in Skipol, the Netherlands, AOC is a world leader in CASE and colorants, unsaturated polyester resins for coating and protective barriers, colorants and visual effects, adhesives, and traditional composite resins. Manufactures and blends vinyl ester resins and other solutions.
AOC provides customers worldwide with specialty products for the automotive, marine, corrosion, construction and infrastructure segments. The company has production facilities in the United States, Canada, Mexico, Europe, and Asia.
Under the ownership of the CVC Fund, AOC has achieved significant growth and evolved from a strong regional player to a global composite leader in 2018 through a strategic combination with Alpha Corporation. Under Joe Salley’s leadership, AOC has evolved into a best-in-class specialty. A resin platform with a clear path for sustainable and sustainable growth.
Steven Buyse, Managing Partner of CVC, said: And wish you success in the next phase of AOC’s exciting journey. “
“LoneStar recognizes AOC’s role as a trusted partner for thousands of customers around the world seeking to optimize key product performance attributes,” said Donald Quintin, president of LoneStar’s Opportunity Funds. I am. “AOC’s world-class management positions the company to accelerate its growth trajectory in a variety of end markets, applications and regions through outstanding operations and continuous product innovation. AOC is Lone Star’s It works well with the specialty chemicals and manufacturing portfolio. We have taken a similar approach to delivering value-added products. We look forward to the expected partnership with the AOC team as the company continues to implement its growth strategy. I am. “
Joe Salley, CEO of AOC, said: We are excited about the AOC outlook and the idea of a partnership with the Lone Star team to build a stronger company. “
JP Morgan served as financial adviser to transactions with CVC and Clifford Chance served as legal adviser. Lone Star was advised by Lazard and Vinson & Elkins.
Fiber2Fashion News Desk (SV)
CVC Capital Partners plans to sell AOC, a producer of specialty resins, to an affiliate of the Lone Star Fund. The planned transaction is subject to consultation and approval by the AOC Workers Council from the relevant regulators. AOC sells specialty products globally for the automotive, marine, corrosion, construction and infrastructure segments.
Luxembourg CVC Capital Partners sells AOC
Source link Luxembourg CVC Capital Partners sells AOC