Uni-World and Brightwood Acquire VanDeMark Chemical Inc.
NEW YORK, NY – Uni-World Capital L.P., a private equity firm, and Brightwood Capital Advisors LLC, a private investment firm, have acquired VanDeMark Chemical Inc., Lockport, NY, a global producer of specialty, intermediate and catalyst chemicals based on phosgenation chemistry.
VanDeMark, which has produced phosgene and phosgene derivatives since 1951, offers a range of more than 30 chemical compounds used in the production of paints and coatings, pharmaceuticals, plastics and polymers, adhesives and sealants, agricultural products, and other end markets.
James E. Ashton, an industry advisor to both Uni-World and Brightwood, will join VanDeMark’s board and serve as a technical advisor, helping to expand the company’s markets and operations.
Under the terms of the agreement, VanDeMark’s senior management will continue to be significant equity owners in the company. The team, which has been preparing the company for an expansion phase, will remain in their current positions as follows: Mike Kucharski, Chief Executive Officer, Paul Ameis, Chief Operating Officer, and Bob Bigos, Chief Financial Officer.