Edgewater Capital Partners Acquires DanChem Technologies, Inc. from Ensign-Bickford Industries, Inc.
Cleveland, OH and Danville, VA. Â Edgewater Capital Partners (â€śEdgewaterâ€ť) is pleased to announce that it has completed the acquisition of DanChem Technologies, Inc. (â€śDTIâ€ť, â€śDanChemâ€ť, or the â€śCompanyâ€ť) from Ensign-Bickford Industries, Inc. (â€śEBIâ€ť). Â Financial terms were not disclosed.
Based in Danville, Virginia, DTI provides process scale-up and contract manufacturing (tolling) services to the fine and specialty chemical industries. Â Founded in 1960, as the Research Division of Dan River, Inc., DanChem expanded into non-textile chemical manufacturing in the 1970s. Â With a history of providing complex, custom chemical manufacturing and technical solutions to industry-leading firms, DTI has developed the knowledge and expertise to meet the most demanding applications and processing needs. Â The Company is ISO 9001, ISO 14001, Kosher certified and FDA and FIFRA registered. Â Furthermore, DanChem offers a unique, broad range of chemical manufacturing capabilities, including a flexible piloting facility and the contract manufacturing industryâ€™s largest collection of horizontal reactors.
â€śThe DanChem team is excited to join the Edgewater family and continue our focus on providing industry-leading manufacturing and processing solutions to our longstanding customer relationships. Â Moreover, we will continue our foremost dedication to environmental, health, and safety systems.â€ť said Paul Bacon, President and CEO of DanChem.
â€śDanChemâ€™s horizontal reactor base, flexible commercial manufacturing assets, and piloting facility are unique to the industry. Â As such, the Company is able to handle highly hazardous and difficult chemicals, while offering efficiencies, quality, yield, and performance that few competitors can match. Â We are excited to have DTI join the Edgewater family and support the Company in reaching its next stage of success.â€ť commented Bob Girton, Principal of Edgewater and Member of the Board of Directors at DanChem.
About DanChem Technologies
Founded in 1960, DanChem Technologies is a custom manufacturer (toller) of fine and specialty chemical products providing capacity and technical support to major companies on a national and global scale. Â DanChemâ€™s unique manufacturing technologies and flexibility enables it to meet challenging customer needs within various end markets to include paints and coatings; fibers and textiles; agrochemicals; adhesives and sealants; performance polymers; additives; bio-based and renewable chemicals; water treatment; transportation; lubricants; personal care products; and pharmaceutical intermediates. Â For more information on DanChem, visit www.danchemtechnology.com.
About Edgewater Capital Partners
Edgewater Capital Partners, headquartered in Cleveland, Ohio, is a sector focused private equity firm investing in lower, middle-market performance materials businesses. Â Edgewater has extensive experience and expertise in niche manufacturers of specialty chemicals, pharmaceuticals, and engineered substances. Twenty years of industry specific investing has allowed the Firm to develop a deep understanding of the complexities and nuances common to these businesses. Â Edgewater is strategic, patient capital looking for opportunities to partner with owner-operators, management teams, and employees in developing, enhancing, and growing market leading businesses. For more information on Edgewater Capital Partners, visit www.edgewatercapital.com.