Graycliff Partners sold HarperLove Holdings, LLC, a Charlotte, NC-based provider of specialty chemicals and services, to HBM Holdings Company.
The amount of the deal was not disclosed.
For over 40 years, HarperLove has worked with packaging manufacturers to provide a suite of additive solutions that impart physical attributes to corrugated and paper-based products.
Since acquiring HarperLove in 2014, Graycliff recruited the senior management team led by Alan Clark, CEO, embarked on a series of growth initiatives and improved margins through vertical integration – more than doubling profitability.
Graycliff Partners is an investment firm focused on making lower middle market investments, typically in manufacturing, business services and value-added distribution businesses.