ChromaScape Acquires CEL Chemical
November 29, 2022
ChromaScape, a specialty colorants and additives supplier backed by Heartwood Partners, has acquired CEL Chemical, a Piedmont, South Carolina-based manufacturer of adhesives, additives and modifiers for the corrugated paperboard packaging industry. The acquisition expands ChromaScape's packaging chemical product line and follows the retirement of CEL Chemical founder Jim Messenger; Heartwood Partners supported the transaction as the sponsor of ChromaScape.
- Buyers
- ChromaScape, LLC, Heartwood Partners
- Targets
- CEL Chemical, Inc.
- Sellers
- Jim Messenger
- Platforms
- ChromaScape, LLC
- Industry
- Packaging
- Location
- South Carolina, United States
- Transaction Type
- Addon
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