Stellex Capital acquires Grammer Industries.

Middle-market private equity firm Stellex Capital Management acquired Grammer Industries, in partnership with the Whittington family and management. Terms of the transaction were not disclosed. Michael Stewart, Managing Partner of Stellex Capital, says: “This is an exciting inflection point in the evolution of the North American chemicals industry supply chain, and we look forward to making future investments in the Grammer platform. Grammer is strongly positioned at the intersection of compelling trends in chemical production, logistics outsourcing and market consolidation.”