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GLENCOE CAPITAL INVESTS IN DIXIE CHEMICAL
Firm sees growth opportunity for specialty chemical manufacturer
CHICAGO (July 31, 2006) David Evans, Chairman of private equity firm Glencoe Capital LLC, today announced the firm's equity investment in Houston-based Dixie Chemical Co., Inc.
Dixie is a recognized leader in manufacturing high-purity specialty and industrial chemicals, complex compounds, and chemical intermediates used in the pharmaceutical sector.
Dixie produces chemicals for a diverse range of uses, including for paper manufacturing, building and construction, packaging, consumer electronics, industrial coatings, and pharmaceutical manufacturing. The company's laboratories can support design and production from the kilogram level to multi-ton orders.
"Dixie Chemical's leading position in anhydride chemistry presents an excellent opportunity for organic growth, with existing clients and in new markets," said Evans. "Dixie has proven technical competency and a leading position in a number of global markets."
"Our Executive Network helped us identify this exciting opportunity, and we look forward to working with management to grow and expand the capabilities of the business," said Evans.
An integral part of the firm's investment strategy, Glencoe's proprietary Executive Network is a group of successful business leaders who provide specialized operational and strategic expertise to the firm's portfolio companies.
Dixie has manufacturing operations in the Port of Houston's Bayport Industrial Development, a complex that includes facilities of over 70 chemical manufacturers. Founded in 1946, the company exports its products to more than 42 countries.
A Chicago-based private equity investment firm, Glencoe Capital invests in middle-market businesses valued between $50 million and $150 million. Founded in 1993, the firm has completed over $1 billion in private equity transactions, and closed its third fund in December of 2003 with over $380 million.
For more information, contact:
or
Clovis, Inc.
(312) 346-1700
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