SK Capital Partners, a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceutical sectors, completed the acquisition of D.B. Western, Inc – Texas, a League City, TX-based technology-driven producer of formaldehyde and derivatives.
The amount of the deal was not disclosed.
The company, renamed Foremark Performance Chemicals, is a technology-driven leader of formaldehyde and derivatives for a variety of applications including oilfield, refineries and petrochemicals. Foremark operates North America’s largest merchant market formaldehyde and derivatives manufacturing plant in La Porte, TX.
Led by new CEO Randy Owens, the company will now work to strengthen its strategic positioning in the chosen markets, develop new products and applications as well as consider acquisitions.