Sun (European and Sun Capital) Affiliates Acquire TENAX

Affiliates of private equity firms Sun European Partners and Sun Capital Partners have acquired a controlling stake in TENAX, the Verona-based manufacturer of chemical products, abrasives and tooling for the treatment of natural and engineered stone. The Bombana family sold the controlling interest while reinvesting part of proceeds and awarding an extraordinary bonus to the company's 220+ employees; the PE buyers intend to support TENAX's growth via buy-and-build strategies and geographic expansion.