American Securities to acquire Chromaflo Technologies

Chromaflo TechnologiesThe transaction is expected to close during November 2016 and is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.

Headquartered in Ashtabula, Ohio, Chromaflo is a leading independent global supplier of colourant systems, chemical and pigment dispersions. With more than eight decades of industry experience in colourant systems and chemical pigment dispersions, the company’s family of brands includes more than 200 product lines and 7 000 products, serving customers across six continents.

“We look forward to partnering with American Securities. They are ideally positioned to support our next phase of growth and development as we look to expand our product offerings, geographies, and market reach. American Securities has significant experience in the specialty chemical sector and a broad and experienced team, which will aid our expansion. We look forward to working with them as we continue to focus on providing highly technical colourant and chemical solutions to our customers and markets,” said Scott Becker, President and CEO of Chromaflo.

“We believe that Chromaflo’s commitment to product innovation, combined with its experienced and customer-focused management team, positions the company for continued growth. We look forward to bringing our resources to bear to support Scott Becker and the rest of Chromaflo’s management team toward continued success,” said Scott M. Wolff, Managing Director from American Securities.

“Through its organic growth and strategic acquisitions, Chromaflo has become the leading global innovator and supplier of colourants and chemical dispersions with broad technologies serving the coatings and thermoset plastics markets,” was the message from John Televantos, a Partner who co-heads Arsenal’s Specialty Industrials practice.

Robert Furuhjelm, Partner, NC Advisory Oy, advisor to the Nordic Capital Funds, added, “Nordic Capital Fund VI is proud of the transformation of Chromaflo into a leading global player and is very pleased with the partnership with Scott Becker and his management team for executing the Company’s growth and acquisition strategy.”

Chromaflo Technologies

Chromaflo Technologies is a leading independent global supplier of colourant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market.

Headquartered in Ashtabula, Ohio, U.S., Chromaflo has production facilities in the U.S., Canada, The Netherlands, Finland, Australia, China and South Africa. Sales and technical support is also provided throughout North and South America, Europe, Australia, China, India and Southeast Asia. Commitment to excellence is driven by three core values: quality, speed and service.

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American Securities LLC

Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200-million to $2-billion and/or $50-million to $200-million of EBITDA. American Securities and its affiliates have approximately $15 billion under management.

Arsenal Capital Partners

Arsenal Capital Partners is a leading New York-based private equity firm that invests in middle market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. Arsenal targets businesses that have the potential for further value creation, and works closely with management to accelerate growth by leveraging the firm’s industry focus and operational improvement capabilities. Arsenal currently manages $2.9 billion of committed equity capital.

For additional information on Arsenal Capital Partners, please visit

Nordic Capital

Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally.

For further information about Nordic Capital please see


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