Private equity firm KKR announced on Friday that it would buy specialty chemicals company Chase Corp for $1.3 billion. The deal, which is expected to close in the fourth quarter of 2023, will help KKR raise its exposure in the specialty chemicals space.
Chase Corp is a global manufacturer of specialty chemicals used in a variety of industries, including adhesives, coatings, and electronic materials.
The company has a strong track record of growth, and it has been profitable for the past several years.
The acquisition of Chase Corp is a sign of KKR’s confidence in the specialty chemicals sector.
The sector is growing rapidly, and there is a growing demand for specialty chemicals from a variety of industries. KKR believes that Chase Corp is well-positioned to capitalize on this growth.
The acquisition of Chase Corp will also help KKR expand its industrial portfolio. KKR already has a number of investments in the industrial sector, including Charter Next Generation and Hyperion Materials & Technologies.
The addition of Chase Corp will further strengthen KKR’s position in the industrial sector.
The acquisition of Chase Corp is a positive development for both companies. KKR will gain a strong foothold in the specialty chemicals sector, while Chase Corp will gain access to KKR’s capital and expertise.
The Future of Chase Corp
The acquisition of Chase Corp by KKR is a positive development for the company. KKR is a well-respected private equity firm with a strong track record of success.
The firm is likely to provide Chase Corp with the capital and expertise it needs to grow and succeed in the years to come.
The acquisition is also a positive development for the specialty chemicals sector.
The deal shows that international investors are confident in the sector and that they are willing to invest in the sector’s growth. This is likely to lead to more investment in the sector in the years to come.
The deal is expected to close in the fourth quarter of 2023.
About KKR
KKR is a global private equity firm with over $450 billion in assets under management. The firm was founded in 1976 and is headquartered in New York City. KKR has a long history of investing in a variety of industries, including chemicals, industrials, and technology.
About Chase Corp
Chase Corp is a global manufacturer of specialty chemicals used in a variety of industries. The company was founded in 1946 and is headquartered in Cincinnati, Ohio. Chase Corp has a strong track record of growth, and it has been profitable for the past several years.
