ArrMaz(AMCC) announces the acquisition of the world-leading Galoryl™ brand of additives and coatings for ammonia-based nitrogen chemicals and fertilizers, from Nufarm, LTD. AMCC is the leading producer of chemical reagents, additives and coatings to the North American phosphate fertilizer and asphalt industries.
AMCC’s majority owner is Wind Point Partners, a private equity investment firm with offices in Chicago, Illinois and Southfield, Michigan.
The acquisition includes Nufarm’s plant in Lobeco, South Carolina, a toll-supply arrangement with Nufarm in France and worldwide Galoryl™ marketing and distribution. Galoryl™ products substantially enhance structural, storage and handling characteristics of technical-grade ammonium nitrate and dry, particularly nitrogen, fertilizers. The Lobeco plant also has world-class tolling operations.
“The Galoryl™ business is highly complementary and offers numerous synergies with Arr-Maz’s additives and coatings businesses to the phosphate fertilizer and asphalt paving industries,” said Doug Campbell, ArrMaz CEO. “It also broadens our technical reach and further diversifies our product mix, making Arr-Maz a more attractive supplier in step-out markets.”
Galoryl™ was formerly a product line of Nufarm Specialty Products, a subsidiary of Nufarm LTD, a publicly-traded Australian crop protection company. Operations in South Carolina will continue to be headed by Paul Kern and Antoine Meyer will continue to lead the International Marketing Team headquartered in Gennevilliers (Paris), France.
“The Nufarm product line and management team is a great complement to the Arr-Maz platform investment and is an excellent continuation of our strategy to create value through both organic growth and add-on acquisitions,” said Alex Washington, principal at Wind Point Partners.
Senior debt financing to facilitate the Nufarm Specialty Products acquisition was led by Antares Capital.
About Wind Point – Wind Point Partners is a private equity investment firm with offices in Chicago, Illinois, and Southfield, Michigan that manages over $1 billion in capital. Wind Point focuses on partnering with top caliber CEOs to acquire solid middle market businesses with a clear path to value creation. Wind Point has successfully invested in more than 80 companies since 1984. Additional information about Wind Point is available at www.windpointpartners.com
