Spell Capital Invests in Asian Pacific Colorants Pty Ltd

Spell Capital, a Minneapolis-based private equity firm, announced an investment in Asian Pacific Colorants Pty Ltd, the largest supplier of plastic masterbatch colorants in Australia and New Zealand. Asian Pacific Colorants operates four plants across ANZ, employs 100+ people and generates over $55 million in annual sales; Spell Capital said the deal represents a re-entry into the masterbatch business and that it is pursuing additional global opportunities in the sector.