Stevenson advises on the acquisition of Performance Process Inc.
Result: Acquisition for Applied Material Solutions
Industry: Manufacturing – Specialty Chemicals
Applied Material Solutions (AMS) of Elkhorn, Wisconsin, was assisted by Stevenson & Company in its acquisition of Performance Process Inc. (PPI) which has manufacturing facilities in Mundelein, IL and Atlanta, GA.
AMS engaged Stevenson & Company to help identify and approach select businesses in the specialty chemicals industry. One area of particular interest to AMS was strengthening its position in the antifoam and defoamer market, already represented by its acquisition of Trans-Chemco, Inc. in 2013. These products are commonly used to reduce or eliminate foam in food processing, chemical manufacturing, industrial applications, waste water treatment and paper manufacturing.
Performance Process Inc. was identified as an excellent strategic fit for AMS. PPI offers additional proprietary products in both liquid and powder form, entry into new markets, increased production capacity and an experienced team of managers and employees.
Tom Rebernak, President of AMS, commented: “I am delighted with the PPI acquisition and the guidance provided by Stevenson. They were able to identify interesting opportunities and overcome a number of obstacles in getting the deal completed. ”
This acquisition is the second transaction in which Stevenson & Company has assisted Applied Material Solutions.
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