Windjammer Capital Investors announced that it has acquired MFG Chemical, a developer and manufacturer of specialty chemicals serving a range of end markets, including water treatment and industrial coatings. MFG Chemical was previously owned by Platte River Equity.

MFG Chemical is based in Chattanooga, Tennessee, and is known for its formulation expertise and flexible manufacturing capabilities supporting specialty chemical applications. The company serves customers across industrial markets requiring customized chemistries and technical support.

Windjammer Capital said the acquisition aligns with its strategy of partnering with management teams in specialty industrial and chemical businesses to support long-term growth through operational improvements, product development and expanded market reach. Company leadership is expected to remain in place following the transaction.

Grace Matthews advised MFG Chemical and Platte River Equity on the transaction.

Financial terms of the deal were not disclosed.