Sovereign Chemicals To Divest Majority Stake
Sovereign Specialty Chemicals L.P. announced a definitive agreement to sell 75% of its ownership in Sovereign Specialty Chemicals to an investor group led by AEA Investors Inc.
CHICAGO - Sovereign Specialty Chemicals L.P., the parent of Sovereign Specialty Chemicals Inc., announced a definitive agreement to sell 75% of its ownership in Sovereign Specialty Chemicals to an investor group led by AEA Investors Inc., an international private equity firm. The remaining 25% of the company will continue to be owned by other investors, including Sovereign's current management.
CHICAGO - Sovereign Specialty Chemicals L.P., the parent of Sovereign Specialty Chemicals Inc., announced a definitive agreement to sell 75% of its ownership in Sovereign Specialty Chemicals to an investor group led by AEA Investors Inc., an international private equity firm. The remaining 25% of the company will continue to be owned by other investors, including Sovereign's current management.
Sovereign Specialty Chemicals, launched in 1996, is a manufacturer and marketer of adhesives, sealants, and coatings for various industrial and consumer applications.
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