CC Industries Announces Acquisition of Foremark Performance Chemicals
25 Abril 2024 - 5:30AM
Business Wire
Leading producer of natural gas sweeteners, chemical building
blocks, and slow-release fertilizers acquired by long-term focused
family
Affiliates of CC Industries, Inc. (“CCI”) announced today they
acquired Foremark Performance Chemicals (“Foremark” or the
“Company”) from SK Capital Partners (“SK Capital”). Foremark is a
leading, vertically integrated producer of proprietary natural gas
sweeteners, chemical building blocks, and slow-release
fertilizers.
This acquisition expands CCI’s portfolio of industry-leading
businesses into specialty chemicals. “Foremark is an outstanding
business with a proven ability to develop innovative products for
customers and adapt to market demands,” said Bill Crown, President
and Chief Executive Officer of CCI. “We are delighted to add
Foremark to our family of long‐held operating companies.”
Headquartered in League City, Texas, Foremark operates a
state-of-the-art, highly automated, and vertically integrated
facility serving natural gas service companies primarily in North
America and petrochemical customers in the US Gulf Coast. The
Company will continue to operate as a stand-alone entity and Randy
Owens, President and Chief Executive Officer, along with the entire
management team, will continue in their current roles.
“The management team and employees have transformed Foremark
under SK Capital’s ownership and grown an exceptional business that
fosters a culture of safety, sustainability, innovation and
outstanding customer service,” Mr. Crown said. “We are excited
about Foremark and looking forward to supporting the Company
through its next phase of growth and enhance Foremark’s ability to
serve its customers.”
Mr. Owens stated, “We are excited to partner with our new family
ownership group. CCI is an ideal partner to support Foremark for
our future long-term success. With CCI’s operational and financial
expertise, we will continue to focus on delivering best-in-class
service and superior products to our customers.”
About Foremark Performance
Chemicals
Foremark Performance Chemicals, headquartered in League City,
TX, is a technology-driven leader in natural gas sweetening
formulations and the production of chemical building blocks used in
numerous end products. Foremark leverages its sustainable
production processes to create solutions that support the
transition to clean energy and increase performance and efficiency.
The business is a leading producer of a broad portfolio of
sweetening solutions and formalin. Foremark operates out of a
highly automated, vertically integrated manufacturing facility in
La Porte, TX, that is strategically located on the Houston ship
channel. Foremark achieved the Platinum Sustainability Medal from
EcoVadis, which is awarded to the top 1% of rated companies based
on their environmental impact and sustainability program. For more
information, please visit www.foremarkperformance.com.
About CC Industries,
Inc.
CC Industries is the Chicago-based management company for the
Crown family’s privately-held companies, including: GILLIG, Great
Dane Trailers, Provisur Technologies, Selig, Southern Devall Group,
CIE, J.L. Clark, Miracapo Pizza Company, Riverside Rail, Trail King
Industries, and Foremark Performance Chemicals. The Crown family
has a long history of owning and growing industrial businesses. The
family enterprise dates itself to 1919 when Henry Crown and his
brothers started Material Service Corporation.
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version on businesswire.com: https://www.businesswire.com/news/home/20240424231322/en/
Media Contact: Christa Carroll Outlook Marketing Services
Ph: 630-408-9164 christa@outlookmarketingsrv.com
CC INDUSTRIES CONTACT Jason Green
jgreen@crown-chicago.com
FOREMARK PERFORMANCE CHEMICALS CONTACT Randy Owens
inquiries@foremarkperformance.com