Manufacturing Acquisitions in West Virginia

Arclin completed the acquisition of Belle Chemical Company, a producer of methylamines and derivatives based in Belle, West Virginia, adding a plant of approximately 60 employees. The purchase expands Arclin's North American manufacturing capabilities and diversifies its product presence into adjacent end markets including water treatment, pharmaceuticals/healthcare, agriculture, oil & gas and electronics.

PureTech Scientific, a company founded and backed by Iron Path Capital, agreed to acquire The Chemours Company's Glycolic Acid business for $137 million in cash. The transaction (a carve-out/divestiture) closed in August 2023 and creates a standalone platform focused on high‑purity alpha hydroxy acids for life sciences, specialty chemicals and personal care end markets.

Trachte, LLC has acquired Parkline, Inc., a manufacturer of custom engineered modular metal buildings headquartered in Eleanor, West Virginia. The acquisition is supported by Palladium Equity Partners (Trachte's sponsor) and represents an add-on to Trachte's platform, combining manufacturing capacity and expanding capabilities across data center, energy, utility and industrial end markets. Summit Park sold Parkline and will roll equity into the transaction.

Denver-based private equity firm Santiago Investment Group acquired a majority ownership position in Sprouse Windows and Doors, a 37-year-old family-owned manufacturer of energy-efficient vinyl windows and doors headquartered in New Martinsville, West Virginia. Santiago plans to invest in modernizing equipment, employee engagement and support continued growth while Sprouse will continue to operate under its existing name.

Solenis has entered into a definitive agreement to acquire Clearon Corp., a South Charleston, West Virginia-based specialty chemical manufacturer that produces trichloroisocyanuric and dichloroisocyanuric acids and finished pool and disinfectant products. The acquisition expands Solenis' pool and spa water treatment portfolio and is expected to close in 2022 subject to regulatory approvals; financial terms were not disclosed.

Akoya Capital Partners acquired Star Plastics, a Ravenswood, West Virginia-based custom plastics compounder, as the anchor investment for a new compounds buy-and-build platform. The transaction was supported with mezzanine subordinated debt and common equity from NewSpring Mezzanine and involved Trinity Investors as a partnering investor; Star Plastics (≈140 employees) will pursue organic growth and M&A to expand its capabilities and geographic reach.

PET Fiber, LLC (doing business as Fiberworx) acquired Troy, LLC, a Harrisville, West Virginia manufacturer of non-woven fabrics, in a transaction that closed on August 4, 2020. The acquisition brings complementary product lines and manufacturing capabilities together to create a more diversified nonwoven supplier focused on automotive and industrial markets; terms were not disclosed.

Steelite International has acquired the foodservice divisions of The Homer Laughlin China Company and The Hall China Company (to be operated collectively as The Fiesta Tableware Company). The deal transfers manufacturing and sales of the sellers' foodservice product lines to Steelite so the Wells family can focus on the Fiesta retail business; terms were not disclosed.