Emerald Performance Materials Completes Acquisition of DSM Special Products, BV
Transaction Enhances Emerald's Global Position by Strengthening European Operations
Emerald Performance Materials, LLC (Emerald), a leading provider of advanced specialty chemicals, today announced that it has acquired the business and assets of DSM Special Products, BV (DSP), a European-based manufacturer of benzoic acid, sodium benzoate, benzaldehyde and benzyl alcohol. As part of the acquisition agreement, DSP will become a part of the Emerald Kalama Chemical business unit, which manufactures and markets products and technologies targeted to food and beverage, consumer and industrial applications. Emerald is an affiliated portfolio company of Sun Capital Partners, Inc., a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies. Terms of the transaction were not disclosed.
DSP is best known for its toluene oxidation technology, which is used to create Purox® brands of sodium benzoate and benzoic acid, as well as benzyl alcohol and benzaldehyde. These materials function as high-purity preservatives, antimicrobials, flavor and fragrance ingredients for food and beverages, cosmetic and household products, coatings, agrochemical, pharmaceutical and feed applications. VevoVitall®, a product for the animal health market, will continue to be sold through DSM Nutritional Products.
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