Investment Firm Buys Specialty Chemical Maker Blue GrassInvestment Firm Buys Specialty Chemical Maker Blue Grass
October 23, 2017
Global private investment firm Signet LLC is purchasing New Albany, IN-based contract specialty chemicals manufacturer and toll producer Blue Grass Chemical Specialties LLC, a Signet press release announced Monday.
“We are actively pursuing specialty manufacturing opportunities in high-growth markets and Blue Grass fits this profile to a tee. We are excited to engage with their executives to add value through our vast corporate resources, which we foresee, in time, will boost revenue and take their business to the next level,” said Signet’s chairman Anthony Manna in a statement.
Blue Grass was founded in 1969 and operates a 27,144-sq-ft production plant in New Albany that produces a range of products used in commercial and industrial applications like nitrated metal salts and precipitated products.
“Blue Grass Chemical is a successful, mature company with a stable book of business,” said Signet’s president and chief operating officer Mark Corr in the release. “We see a great opportunity for us to build on their strong foundation through investments in brand positioning and awareness in the marketplace, while also supporting strategic enhancements to their infrastructure, manufacturing, and business processes.”
The firms did not reveal the financial terms of the transaction.
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