SK Capital Partners Announces Sale of Tri-Tex
New York, NY – December 13, 2021 – SK Capital Partners (“SK Capital”) announced today that funds advised by SK Capital have sold the Surfactants and Dyes & Pigments businesses of Tri-TexCo Inc. and Trichromatic-West, Inc. (jointly, “Tri-Tex”) to Polyventive LLC and Tri-Tex’s Adhesives business to Meridian Adhesives Group.
Barry Penney, a Managing Director of SK Capital and Chairman of Tri-Tex, commented, “SK Capital is privileged to have partnered with the Laham family and the entire Tri-Tex management team. We are proud and appreciative of Tri-Tex’s accomplishments since our acquisition in 2017 and believe Tri-Tex is well-positioned to continue this growth and thrive under new organization and ownership.”
DLA Piper acted as legal counsel and Lazard Middle Market served as financial advisor to Tri-Tex.
ABOUT SK CAPITAL
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceuticals sectors. The firm seeks to build strong and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth and profitability as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $11 billion annually, employs more than 16,000 people globally and operates 149 plants in 31 countries. For more information, visit www.skcapitalpartners.com
ABOUT TRI-TEX
Tri-Tex is a leading producer of high-performance specialty chemicals focused on the adhesive, sealants, surfactants and textile & paper chemical markets. Headquartered in St-Eustache, Quebec, Tri-Tex’s comprehensive suite of products are critical precursors used to develop every-day consumer and industrial applications in a variety of end-markets including paints, printing, personal care, hygiene, construction, textile and marine. For more information, please visit www.tritex.com.