SYS-CON MEDIA Authors: Trevor Parsons, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

News Feed Item

VanDeMark Chemical Inc. Acquires Framochem

Creates One of World's Largest, Independent Manufacturers of Phosgene Products

NEW YORK, Aug. 1, 2014 /PRNewswire/ -- VanDeMark Chemical Inc., Lockport, NY, the largest, independent manufacturer of phosgene and phosgene derivatives in North America, today announced that it has acquired Framochem Kft, a leading European-based manufacturer of phosgene products, based in Hungary.

The purchase unites two companies with complementary product offerings and creates one of the world's largest, independent manufacturers of products based on phosgenation chemistry.  These compounds are widely used in the pharmaceutical, agricultural-chemical, personal care, polymer and fine chemical industries.

Michael Kucharski, CEO of VanDeMark Chemical, said, "This acquisition combines a North American leader with a European leader to give us greater size and scale across more geographies.  By combining these two companies, we are marrying VanDeMark's particular strengths in the custom side of the market with Framochem's substantial offering in the catalog chemical business – all of which makes a compelling, single-source offering for our customers for phosgene products worldwide."

Christopher P. Fuller, Managing Partner of Uni-World Capital, VanDeMark's largest private equity owner and sponsor of the transaction, added, "In a sense, we are reuniting these two companies – along with the business rationale and global customer base – since both VanDeMark and Framochem were originally part of the French state-owned enterprise SNPE."

Framochem was a subsidiary of ISOCHEM S.A.S., a company of the Munich-based AURELIUS Group (ISIN DE000A0JK2A8). As part of the transaction, VanDeMark has also acquired a sales office in Germany, ISOCHEM Deutschland GmbH.

With a combined total of 22,000 tons in annual production capacity for phosgene, VanDeMark and Framochem together will be one of the world's largest producers of fine chemicals focusing on phosgenation chemistry.

Located in the town of Kazincbarcika in Northern Hungary, Framochem employs more than 100 people and operates six multi-purpose production lines at its plant.

"Like VanDeMark, Framochem has extensive experience in the implementation of batch and continuous processes both on laboratory and industrial scales," said Gyorgy Emri, Managing Director, Framochem. "Having VanDeMark add to our capability in Europe, as well as applying Framochem expertise in North America will benefit all of our customers in terms of product quality, reliability and delivery."

VanDeMark, which has produced phosgene and phosgene derivatives since 1951, offers a range of more than 30 chemical compounds used in the production of paints and coatings, pharmaceuticals, plastics and polymers, adhesives and sealants, agricultural products and other end markets. The company employs approximately 90 people at its plant.

Erik S. Miller, the Uni-World partner who spearheaded the acquisition, said, "There is tremendous synergy in bringing together the expertise and capabilities of VanDeMark and Framochem to share best practices for technologies employed.  This combination strengthens our research and development in phosgene chemistry, and enhances the reliability of our supply chain to serve customers in a global marketplace."

To finance the Framochem acquisition, Uni-World secured senior debt financing from

Madison Capital Funding and Sumitomo Mitsui Banking Corporation, as well as mezzanine financing from Prudential Capital Group.

In addition, VanDeMark is raising new equity capital to fund the acquisition of Framochem.  Along with Uni-World itself and VanDeMark management, investors will include Prudential Capital Group, Hamilton Lane and Madison Capital Funding.  Uni-World will remain the largest and lead equity investor.

About VanDeMark
VanDeMark manufactures phosgene derivatives and is North America's leading producer of merchant phosgene. The company's custom and specialty chemicals are used in the pharmaceutical, agricultural-chemical, polymer, and fine chemical industries.  In addition, VanDeMark's proprietary Para-Tolunesulfonyl Isocyante (PTSI) has wide application removing moisture from urethane formulations during the manufacture of adhesives, sealants, paints and coatings to enhance the quality and extend the shelf-life of the end products.

VanDeMark is certified to ISO 9001:2008 standards, is a member of SOCMA and ACC, and participates in the Responsible Care initiative. VanDeMark is owned by Brightwood Capital Advisors, LLC (New York, NYwww.brightwoodlp.com and Uni-World Capital, L.P. (New York, NYhttp://www.uniworldcapital.com) which acquired VanDeMark Chemical, Inc. in December 2012.  For more information, please visit http://www.vdmchemical.com/vdm/.

About Uni-World Capital, L.P.
Uni-World Capital, L.P. is a private equity firm focused on making leveraged buyout and growth equity investments in lower-middle market companies. The firm seeks to partner with management teams where it can leverage its team's collective business experience, corporate relationships and strategic and financial expertise in order to help enhance a company's strategic positioning and drive profitable growth. More information can be found at http://www.uniworldcapital.com.

About AURELIUS
AURELIUS has been successfully operating in the international market for company acquisitions for many years. The focus is on companies and corporate spin-offs in markets with plenty of potential for development. Once under the AURELIUS umbrella, the acquisitions are given a long-term strategic orientation and their potential developed. Building on active operational support, the subsidiaries benefit from the management experience and financial strength of the parent company. This is what makes AURELIUS a "good home" for companies and their employees.

At present, the AURELIUS Group encompasses 20 subsidiaries around the globe with facilities in Europe, Asia and the United States. Among others, these include traditional names like Blaupunkt and Berentzen together with numerous industrial enterprises. Companies are acquired in accordance with strict investment criteria, although there is no specific industry focus. Shares of AURELIUS AG are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock exchanges under ISIN DE000A0JK2A8.

To find out more, visit www.aureliusinvest.de.

SOURCE VanDeMark Chemical Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In high-production environments where release cycles are measured in hours or minutes — not days or weeks — there's little room for mistakes and no room for confusion. Everyone has to understand what's happening, in real time, and have the means to do whatever is necessary to keep applications up and running optimally. DevOps is a high-stakes world, but done well, it delivers the agility and performance to significantly impact business competitiveness.
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
ScriptRock makes GuardRail, a DevOps-ready platform for configuration monitoring. Realizing we were spending way too much time digging up, cataloguing, and tracking machine configurations, we began writing our own scripts and tools to handle what is normally an enormous chore. Then we took the concept a step further, giving it a beautiful interface and making it simple enough for our bosses to understand. We named it GuardRail after its function - to allow businesses to move fast and stay sa...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
SYS-CON Media announced today that Sematext launched a popular blog feed on DevOps Journal with over 6,000 story reads over the weekend. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting an...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's