JACKSONVILLE, FL – Arizona Chemical, Jacksonville, FL, has reached an agreement to purchase Abieta Chemie, a European rosin upgrading company, from private funds managed by AUCTUS Management GmbH & Co. KG equity firm. The deal is expected to close after regulatory clearances have been completed.

Abieta has one manufacturing operation, which is located in Gersthofen, Germany, near Munich. The company manufactures disproportionated rosin and soaps that are used in the polymerization of synthetic rubber for tires, adhesives, pigments for offset printing, marine paints, metalworking aids, and molded plastic parts for automobiles, kitchen appliances and toys.