Emerald Performance Materials Completes Sale of Specialties Business Group
CUYAHOGA FALLS, OH - Emerald Performance Materials LLC completed the sale of its Emerald Specialties business group to DyStar LP. Emerald Specialties includes Emerald Hilton Davis, Emerald Carolina Chemical and Emerald Foam Control with sites in Cincinnati, Ohio; Charlotte, North Carolina; and Cheyenne, Wyoming, respectively. Terms of the transaction were not disclosed.
Thomas M. Holleran, Executive Director at Emerald Performance Materials, said, “We are pleased that the sale has been completed and appreciate the dedication of all our employees throughout this process. We are also extremely proud of the accomplishments of Emerald Specialties in developing new technologies and delivering value to our customers and organization over the last 10 years. The Specialties business is well-positioned for continued success as part of DyStar.”
Emerald Performance Materials continues to focus on growth opportunities in its Kalama Chemical and CVC Thermoset Specialties business groups, as well as support of its Polymer Additives and Nitriles business group, and has made significant investments to expand its capacity, product offerings and global reach. The company expects to conclude the sale of its Polymer Additives and Nitriles business unit as a separate transaction in the future.