Page 5 - 201902 SCA February 2019 Volume 56 Number 1

FEBRUARY
Other NEWS and ANNoUNCEMENTS 2019

Golden Gate Capital acquires Active Minerals International

Golden Gate Capital, a leading private equity
investment firm, announced that it has
completed the acquisition of Active Minerals
International (AMI) from Merit Capital Partners.
AMI will continue to be led by its current “Active Minerals represents a unique opportunity to
management team, including President and Chief invest in a compelling minerals platform with global
Executive Officer Dennis Parker. Management scale,” said Dave Thomas, a Managing Director at
will retain a significant ownership stake in the Golden Gate Capital. “We have a deep appreciation
business. Financial terms of the transaction were for high quality industrial minerals franchises and
not disclosed. experience in partnering with management to
Founded in 1964, AMI is a leading global reinforce those strengths and accelerate growth.
producer and distributor of specialty industrial AMI’s market-leading products, access to high-
minerals, including kaolin and gel quality attapulgite growth end-markets, and commitment to customer
clay minerals. AMI is headquartered in Sparks, service provide an excellent foundation for the
Maryland and has regional offices in China, Taiwan, business. We look forward to supporting Dennis and
Mexico and Australia. The Company’s products the talented Active Minerals team as the Company
are sold globally for industrial, agricultural and enters its next chapter of growth.”
construction-related applications. AMI delivers Valence Group served as financial advisor to
unmatched technical expertise and dispatches its Golden Gate Capital. Grace Matthews served as
knowledgeable employees around the globe to help financial advisor to Merit Capital Partners.
customers meet their business objectives.
“We are excited to partner with Golden Gate Capital, About Golden Gate Capital
which is fully aligned with our long-term strategic vision Golden Gate Capital is a San Francisco-based
and has a demonstrated track record of building long- private equity investment firm with over $15 billion of
term value for its portfolio companies,” said Mr. Parker. capital under management. The principals of Golden
“Golden Gate Capital’s strong financial resources, Gate Capital have a long and successful history
combined with its deep experience in investing in of investing across a wide range of industries and
industrial minerals companies, will enable us to transaction types, including going-privates, corporate
accelerate our growth strategy and bolster our leading divestitures, and recapitalizations, as well as debt
market positions in kaolin and gel quality attapulgite and public equity investments. Notable industrial
clay minerals. Our success has been built on providing investments sponsored by Golden Gate Capital
the highest quality products and strong technical include US Silica, EP Minerals, ANGUS, ArrMaz,
support to our customers, and this transaction allows Cole-Parmer, and Vantage Elevator Solutions. For
us to extend those efforts.” more information, visit www.goldengatecap.com n

Chromaflo Technologies plans to build a new pigment dispersion
manufacturing facility

Chromaflo Technologies, the leading independent
global supplier of colorant systems, chemical
and pigment dispersions, is pleased to announce
its plans to build a new pigment dispersion based colorants and 100% solids colorants. These
manufacturing facility including a single-story technologies will support a broad range of end
warehouse space with a two-story office facility segments, such as architectural coatings; industrial
in Kuala Lumpur (KL), Malaysia. and high performance coatings; wood finishes;
As done previously in China, South Africa and concrete protection; ink; latex; adhesives; caulks
India, Chromaflo will be designing and constructing and sealants; gel coats; and various thermoset
a world-class manufacturing, warehousing, technical plastics applications.
laboratory and office facility that is in line with “Moving to a new facility was initiated by our
Chromaflo branding common to all the existing Asia continued growth and support,” said Scott Becker,
Pacific facilities. The 70,000-square-foot factory president and CEO of Chromaflo. “The exciting
and warehouse and 8,000-square-foot office will action will allow Chromaflo to provide local products
support customers in the entire ASEAN (Association and support to the customers in ASEAN area -
of Southeast Asian Nations) region and is expected one of APAC’s largest sales and growth regions.
to be complete in January of 2019. The new facility The new facility will, without a doubt, demonstrate
will be part of its new legal entity ‘Chromaflo Chromaflo’s presence and commitment across the
Technologies (M) SDN. BHD. This will be the regional Asia Pacific region while also significantly reducing
head office for ASEAN with a full range of support lead times relative to supply from our Australian and
functions for its ASEAN customers. Chinese facilities.”
The facility will leverage the manufacturing of a The target timeline is to produce trial batches
full range of water-based colorants, including those in early January 2019 with full production soon
based on Chromaflo’s low VOC technology, solvent- thereafter. n

Journal of Surface Coatings Australia 3