Cleveland, OH and Danville, VA. Edgewater Capital Partners (“Edgewater”) is pleased to announce that it has completed the acquisition of DanChem Technologies, Inc. (“DTI”, “DanChem”, or the “Company”) from Ensign-Bickford Industries, Inc. (“EBI”). 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. Founded in 1960, as the Research Division of Dan River, Inc., DanChem expanded into non-textile chemical manufacturing in the 1970s. 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. The Company is ISO 9001, ISO 14001, Kosher certified and FDA and FIFRA registered. Furthermore, DanChem offers a unique, broad range of chemical manufacturing capabilities, including a flexible piloting facility and the contract manufacturing industry’s largest collection of horizontal reactors.
“The 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. Moreover, we will continue our foremost dedication to environmental, health, and safety systems.” said Paul Bacon, President and CEO of DanChem.
“DanChem’s horizontal reactor base, flexible commercial manufacturing assets, and piloting facility are unique to the industry. 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. We are excited to have DTI join the Edgewater family and support the Company in reaching its next stage of success.” 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. DanChem’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. 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. 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. 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.