Gemspring Capital to Acquire (and Later Completes Acquisition of) Goodyear’s Polymer Chemicals Business

One Rock Capital Partners Acquires Eastman Chemical's Tire Additives Business (Flexsys)

November 1, 2021

Manufacturing

One Rock Capital Partners has completed the acquisition of Eastman Chemical Company's tire additives business and renamed the standalone company Flexsys. The business, a global leader in specialty rubber chemicals with more than 500 employees and multiple production sites and technology centers, will be run independently with support from One Rock to drive growth and operational improvement.

Turnspire Capital Partners / Infinity Engineered Products Acquires Goodyear Air Springs from EnPro Industries

August 4, 2020

Manufacturing

Turnspire Capital Partners, through its newly formed platform Infinity Engineered Products, has acquired the Goodyear Air Springs business (also referenced as the STEMCO Air Springs business) from EnPro Industries. The transaction ( ~$39.5 million per seller filing) transfers the global brand license, manufacturing facilities, IP, R&D center in Fairlawn, Ohio, and personnel to the Turnspire affiliate as the first acquisition for the Infinity platform.

Gemspring Capital Acquires Midland Industries

May 5, 2023

Industrial Services

Gemspring Capital Management affiliate has acquired Midland Industries, a Kansas City-based manufacturer and distributor of pipe, valve, and fitting products across North America. Existing investor Wynnchurch Capital sold a stake but retained a minority interest and coinvested alongside Gemspring; financial terms were not disclosed.

The Yokohama Rubber Company to Acquire Goodyear’s Off-the-Road (OTR) Tire Business

July 24, 2024

Manufacturing

Goodyear Tire & Rubber has signed a definitive agreement to sell its Off-the-Road (OTR) tire business to The Yokohama Rubber Company for $905 million in cash. The deal is subject to regulatory approvals and customary closing conditions and is expected to close by early 2025, with Goodyear retaining OTR tire supply for U.S. military and defense applications via a product supply arrangement.

Polytek Development Corp. Acquires Specialty Resin & Chemical

September 7, 2021

Manufacturing

Polytek Development Corp., a portfolio company of Arsenal Capital Partners, acquired Specialty Resin & Chemical, a Dowagiac, Michigan–based supplier of mold making, casting, and coating resins. Daniel Wilson, the owner of Specialty Resin & Chemical, will remain in an active role; Genesis Capital served as financial advisor to Polytek.

MFG Chemical (Platte River Equity) Acquires H.P. Polymers

April 23, 2024

Manufacturing

MFG Chemical, a Platte River Equity portfolio company, has acquired H.P. Polymers, an independent paint and coatings resin manufacturer based in Puslinch, Ontario. The deal expands MFG's product portfolio and capabilities in the paint and coatings sector, enhancing service to customers across metal, wood, marine, specialty and coil end markets.