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Chase Corporation to acquire SK Capital’s NuCera Solutions for $250m

An affiliate of funds advised by SK Capital Partners (SK Capital) is to sell NuCera Solutions (NuCera) to Chase Corporation, a manufacturer of protective materials for high reliability applications for $250 million.

Formed through the carve-out of Baker Hughes’ specialty polymer business, NuCera is a specialist in the production and development of high-end polymer technologies and polymerisation methods serving demanding applications. NuCera differentiates itself with a broad portfolio of approximately 120 functional polyethylene and specialty polymers that serve as mission critical performance additives to customers worldwide. The Company operates globally with headquarters in Houston, Texas, a primary production facility in Barnsdall, Oklahoma, and international sales offices in France and Singapore.
  
The transaction is subject to customary closing conditions and regulatory approvals. Lincoln International acted as sell side advisor and Goodwin Procter LLP as legal counsel to SK Capital and NuCera. Moelis acted as buy side advisor and Nelson Mullins acted as legal counsel to Chase Corporation.

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