Recently launched private equity firm Delos Capital has bought water-based specialty chemical coatings, manufacturer California Products Corporation.
The company’s products are used in various consumer and industrial applications including tennis court and track recreational coatings, consumer paints and stains and environmental remediation coatings.
Delos founder Matthew Constantino said, “Delos is excited to partner with CPC’s management team for the next stage of the Company’s growth.
“CPC is a best-in-class company in the specialty coatings and paints sector, and we are confident that this partnership between management and the investor group will strengthen the Company’s market position.”
Delos, which was launched earlier this year, invests in lower mid-market companies in the chemicals, packaging, industrials, and consumer sectors.
Copyright © 2013 AltAssets