Alkegen Completes Majority Investment in Luyang Energy-Saving Materials
June 28, 2022
Alkegen, a Clearlake-backed specialty materials platform, completed a tender offering to acquire a controlling ownership interest in Shenzhen A-share listed Luyang Energy-Saving Materials Co., Ltd., a Shandong-headquartered maker of ceramic, alumina and soluble fibers and other high-temperature insulation products. Alkegen said it will leverage Luyang as its Asia platform to extend and cross-sell Alkegen's filtration, battery and EV-related materials and specialty insulation solutions.
- Buyers
- Alkegen, Clearlake Capital Group, L.P.
- Targets
- Luyang Energy-Saving Materials Co., Ltd.
- Industry
- Manufacturing
- Location
- Shandong, China
- Transaction Type
- Buyout
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