Announced
Completed
Financials
Sources
Tags
United States
Majority
Private
Completed
microencapsulation
Specialty Chemicals
Acquisition
Domestic
Private Equity
Friendly
Single Bidder
Synopsis
Aurora Capital-backed Spray-Tek, a provider of specialty spray drying and ingredient processing solutions, completed the acquisition of TRuCapSol, a microencapsulation company that produces environmentally friendly capsules, utilizing patented processes that decrease waste and improve the effectiveness of customers' formulations. Financial terms were not disclosed. "TRuCapSol shares our unwavering commitment to exceptional service and has a proven track record of engaging directly with its blue-chip customer base to deliver exceptional results. We welcome the TRuCapSol team and look forward to leveraging their capabilities and expertise to take advantage of market tailwinds across an expanded customer base and wider set of applications. We are excited to combine our extensive spray drying and ingredient processing solutions with TRuCapSol's uniquely biodegradable product portfolio and R&D capabilities," David Brand, Spray-Tek President and Chief Executive Officer.
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