CPS Performance Materials to acquire GEO Specialty Chemicals.

Arsenal Capital-backed CPS Performance Materials, a diversified specialty chemicals manufacturer of performance polymers, fine chemical and chemical illumination solutions, agreed to acquire GEO Specialty Chemicals, a diverse supplier of specialty chemicals and materials to the coatings, adhesives, medical, water treatment and construction markets. Financial terms were not disclosed. “GEO significantly adds to the scale of CPS and positions us well in a number of growing end markets. Our strategy will focus on investing in GEO’s businesses which complement many of CPS’s existing positions in attractive end-markets such as CASE additives, specialty chemicals for pharma and medical uses, nutrition, personal care and a wide range of industrial applications. We see opportunities to expand across the portfolio where we can leverage our chemical expertise and continue to be a reliable commercial partner,” Jeremy Steinfink, CPS President and CEO.