Flow Polymers Acquires Dispersion Product Lines from Kenrich Petrochemicals
FOR IMMEDIATE RELEASE
Chicago, January 12, 2016 – Geneva Glen Capital, LLC ("GGC"), a private equity firm headquartered in Chicago, IL, is pleased to announce that its portfolio company, Flow Polymers, has acquired several dispersion product lines from Kenrich Petrochemicals, Inc. The product lines acquired include Drimix®, Dryspersion®, Kenmix®, Kenlastic®, Ken-Zinc®, and Ken-Mag®. Terms were not disclosed.
The acquisition further expands Flow Polymers’ broad portfolio of specialty rubber dispersions. The acquired product lines will be manufactured in Flow Polymers’ dispersion manufacturing facility in Cleveland, OH.
About Geneva Glen Capital, LLC
Geneva Glen Capital is a Chicago-based private equity firm that invests in proven private companies with leading market positions, significant growth potential, and stable cash flows. GGC targets companies headquartered in the U.S. or Canada with EBITDA between $3 million and $20 million. GGC invests up to $50 million of equity in each investment and works closely with management teams to establish and execute on a clearly defined value creation and growth plan. The principals of GGC have extensive private equity experience and a unique evergreen fund structure that allows us to pursue control and minority investments, employ creative deal structures, and optimize liquidity decisions without being beholden to fundraising considerations.
Geneva Glen Capital, LLC
123 North Wacker Drive, Suite 820 Chicago, IL 60606