COSTA MESA, Calif., May 04, 2011 (BUSINESS WIRE) -- Calabrian Corporation, a leading manufacturer of sulfur chemicals and derivatives for the water treatment and food and beverage preservation industries, has been recapitalized by SK Capital Partners, a middle market private equity firm based in New York.
McGladrey Capital Markets initiated the transaction, sourced the buyer, led the negotiations, and acted as the exclusive financial advisor to Calabrian Corporation. Transaction terms were not disclosed.
"The inorganic water treatment chemicals industry is ripe for consolidation and the synergies in combining manufacturing and distribution assets, as well as consolidating product portfolios to create a one-stop supplier, are compelling," said Jay Kuo, vice president and head of McGladrey Capital Markets' Chemicals Investment Banking Group. "With proprietary production technologies, a fully integrated plant capable of producing a broad range of sulfur derivatives and a first-class senior management team, Calabrian is a great platform for SK to pursue this strategy." About SK Capital Partners SK Capital Partners is a transformational private investment firm focusing on acquiring assets in which its partners have deep industry knowledge through previous experience and investments, and deploying substantive operational strategies to unlock value and deliver superior returns. These industries include niche segments of the specialty materials, chemicals and healthcare sectors. SK Capital currently has two portfolio companies with combined revenues of approximately $3.0 billion and over 3,500 employees.
About Calabrian Corporation Calabrian Corporation is a leading supplier of sulfur dioxide and related derivatives used in wastewater treatment and other applications. The company manufactures sulfur dioxide and downstream derivatives such as sodium sulfite, sodium bisulfite, sodium metabisulfite and sodium thiosulfate in its integrated manufacturing facility in Port Neches, TX. Its products are used in a broad range of industrial and municipal wastewater treatment applications to achieve compliance with federal and local water regulations, as well as other specialty applications in personal care, pulp and paper processing, food preservation, oilfield production and disinfection. The company has been in business for over 40 years, establishing quality, service and reliability as its trademark.
About McGladrey Capital Markets McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm's services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in many distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
McGladrey Capital Markets is affiliated with McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world's preeminent tax services provider. McGladrey Capital Markets' international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.
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