SK Capital Partners, a New York-based private investment firm, announced the acquisition of the monomers, polymers and European businesses of Baton Rouge-based Deltech Holdings LLC today.
Deltech President and CEO Bob Elefante will retain a significant ownership stake in the company and will serve on the board of directors.
Deltech, whose headquarters are in Baton Rouge, manufactures enhanced performance aromatic monomers. The company maintains other manufacturing facilities in Troy, Ohio, and Haverhill, England.
“SK Capital is the ideal partner given its track record of successfully supporting the growth of entrepreneur-owned businesses in the specialty chemicals industry,” Elefante says in a prepared statement. “We have a shared vision for the future of Deltech, built upon the company’s unique product portfolio and long-term commitment to serving our customers.”