PureTech Scientific (Iron Path Capital) Acquires Glycolic Acid Business from The Chemours Company for $137 Million

PureTech Scientific Acquires Cymer Chemical's Dayton, TN Facility

October 23, 2025

Manufacturing

PureTech Scientific LLC, a PE-backed specialty glycolic acid manufacturer, has acquired the Dayton, Tennessee operations of Cymer Chemical. The acquisition—backed by PureTech's sponsor Iron Path Capital—adds tolling, blending, organic synthesis and pilot-scale capabilities to PureTech and strengthens its position in life sciences, personal care and specialty industrial end markets.

Evonik Industries Acquires PeroxyChem from One Equity Partners for $640 Million

February 3, 2020

Manufacturing

Evonik Industries AG has completed the acquisition of PeroxyChem, LLC, a global manufacturer of hydrogen peroxide and peracetic acid, from One Equity Partners for $640 million. The purchase, representing roughly a 9.9x multiple of EBITDA, expands Evonik's specialty chemicals portfolio and brings PeroxyChem's production footprint and technical capabilities into Evonik's global operations.

Edgewater Capital Partners Acquires GL CHEMTEC

August 11, 2022

Pharmaceuticals

Edgewater Capital Partners, a Cleveland-based lower middle-market private equity firm, has acquired GL CHEMTEC, a chemistry-based contract research organization (CRO) headquartered in Oakville, Ontario. Edgewater will support GLC's expansion of API development, scale-up and advanced materials capabilities to accelerate growth across North American pharma and life-sciences customers.

Chemtrade Acquires Polytec, Inc.

November 21, 2025

Environmental Services

Chemtrade Logistics Income Fund completed the acquisition of Polytec, Inc., a southeastern U.S. turnkey water treatment solutions provider, for US$150 million. The deal expands Chemtrade's water-treatment chemicals platform by adding Polytec's service capabilities, products and end-market access (municipal and food-processing) to support cross-selling and Vision 2030 growth targets.

Black Bay Energy Capital Acquires Merichem Process Technologies & Catalyst Business (Merichem Technologies)

January 3, 2024

Industrial Services

Black Bay Energy Capital acquired Merichem Company's technology business — Merichem Process Technologies and Merichem Catalyst Products — which will be renamed Merichem Technologies and operated as a standalone sulfur-treating platform. Merichem Company will retain its caustic services business while the new platform will be led by former Merichem technology leaders to expand sulfur-treatment capabilities across energy and industrial end markets.

Aceto Acquires IsleChem to Add U.S. Manufacturing and R&D Capabilities

December 21, 2020

Manufacturing

Aceto U.S., LLC has acquired IsleChem, a Grand Island, New York-based chemical manufacturer and contract R&D provider. The acquisition adds U.S. manufacturing, analytical and R&D capabilities to Aceto’s global specialty-chemicals sourcing and distribution platform and supports expansion of IsleChem’s facility and workforce.