Composites resin producer AOC acquired by Lone Star
AOC’s strength in the production and formulation of unsaturated polyester resins, vinyl ester resins and other solutions are expected to align with Lone Star’s specialty chemical and manufacturing businesses.
CVC Capital Partners (Luxembourg, U.K.) announced that it plans to sell AOC (Collierville, Tenn., U.S. and Schaffhausen, Switzerland), a global specialty resins producer, to an affiliate of Lone Star Funds (Dallas, Texas).
AOC produces and formulates unsaturated polyester resins, vinyl ester resins and other solutions for applications in coatings, protective barriers, colorants, visual effects, adhesives and conventional composite resins. The company serves customers globally with specialty products for the automotive, marine, corrosion, construction and infrastructure segments, and has production facilities located in the U.S., Canada, Mexico, Europe and Asia.
Donald Quintin, president of opportunity funds at Lone Star, says, “AOC aligns well with Lone Star’s portfolio of specialty chemical and manufacturing businesses. We look forward to the envisaged partnership with the AOC team as the company continues to execute its growth strategy.”
