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HIG Capital closes acquisition of the BBC Division of Cytec Industries

Private equity firm HIG Capital, LLC has completed the previously announced purchase of the Building Block Chemicals (BBC) division of Cytec Industries Inc (NYSE: CYT).

 

Based outside of New Orleans, BBC is a leading manufacturer of melamine, acrylonitrile and sulfuric acid, which are key intermediate chemicals critical for the manufacturing of a broad array of products used in water treatment, oil recovery, agriculture, plastics, furniture, flooring and performance coatings. The business will be rebranded and operate under the name, “Cornerstone Chemical Company.”

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