Windjammer Capital Acquires MFG Chemical
Windjammer Capital has acquired MFG Chemical, a Chattanooga, Tennessee-based developer of custom chemicals for water treatment and industrial coatings, from Platte River Equity for undisclosed terms. Windjammer's investment will support MFG Chemical's continued growth through operational excellence, expanded product development, increased market reach, and future strategic acquisitions, reinforcing its position in key end markets.
Windjammer Capital, a private equity firm, has successfully acquired MFG Chemical, a prominent developer of custom chemicals, from fellow private equity firm Platte River Equity. The financial terms of the transaction were not disclosed. MFG Chemical, headquartered in Chattanooga, Tennessee, is renowned for its expertise in formulating specialized chemicals tailored for diverse end markets, with a particular focus on the critical sectors of water treatment and industrial coatings.This acquisition marks a significant strategic move for MFG Chemical, positioning it for substantial future growth and market expansion. According to statements from the company, Windjammer Capital's investment is specifically designed to bolster several key areas. These include enhancing operational excellence across its facilities, a crucial step for efficiency and quality in chemical manufacturing. Furthermore, the investment will facilitate expanded product development initiatives, allowing MFG Chemical to diversify and enrich its portfolio of offerings, thereby broadening its appeal and reach within existing and new end markets. A significant component of Windjammer's strategy also involves supporting future strategic acquisitions, indicating a proactive approach to consolidating and expanding MFG Chemical's market presence and capabilities. This partnership is expected to strengthen MFG Chemical's leadership in its specialized chemical markets, ensuring sustained innovation and customer value, ultimately driving long-term success.
