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Private equity firm Platte River Equity, Denver, CO, has acquired MFG Chemical, Dalton, GA, in partnership with the Charles E. Gavin, III Family and management. MFG is a specialty chemical manufacturer of polymers, surfactants and esters used in various applications in the oil field, water treatment, mining, coatings and agricultural markets. Terms were not disclosed.
“For almost 40 years, MFG has leveraged its differentiated position in maleic anhydride and glacial acrylic acid to develop and manufacture new products in partnership with our customers to better serve their needs,” said founder and chairman of MFG, Charles E. Gavin, III. “We believe that Platte River is the right partner to help us accelerate the Company’s growth in adjacent chemistries and new markets,” added Keith Arnold, CEO of MFG.