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American Securities Acquires Arizona Chemical
Arizona Chemical, a biorefiner of pine chemicals, was recently purchased by American Securities LLC, though management and current investors will continue to own a meaningful equity position. Headquartered in Jacksonville, Fla., and in Almere, the Netherlands, Arizona Chemical has more than 1,000 employees, with refineries located in six countries worldwide. In addition to pine chemicals, Arizona Chemical refines crude tall oil and crude sulphate turpentine into high value end-products. The company's raw materials are environmentally-friendly starting points for manufacturing everyday products for decorative paints, tires, adhesives, road markings, printing inks, personal care and many other markets. Headquartered in New York with an office in Shanghai, American Securities LLC is a U.S. middle-market private equity firm that invests in North American companies. Investments are funded from more than $6 billion of committed capital.
Date Posted: December 28, 2010
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