Announced
Completed
Financials
Tags
Italy
Friendly
Completed
Private Equity
Single Bidder
Majority
Acquisition
Cross Border
chemical products
Chemicals: Diversified
Private
Synopsis
Sun Capital Partners, a private investment firm, completed the acquisition of TENAX, a manufacturer of chemical products. Financial terms were not disclosed. "We are excited to apply our experience investing in the building products sector, executing buy-and-build strategies, and in partnering with founders like the Bombana family to support TENAX at this exciting juncture in its growth. Over many years the Bombanas have built TENAX into a large and truly global player, and we see significant opportunity for the Company to continue that trajectory, both through strategic acquisitions to penetrate new markets and driving organic growth to increase overall presence and add market share," Marc Leder, Sun Capitaln Co-CEO.
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