September 6, 2022, Westwood, MA – ���ϳԹ��� (NYSE American: CCF), a leading global manufacturer of protective materials for high-reliability applications across diverse market sectors, completed on September 1, 2022 the previously announced acquisition of NuCera Solutions, (“NuCera” or the “Company”) from SK Capital (a private equity firm headquartered in New York) for $250 million, pending any working capital adjustments and excluding acquisition-related costs.��

The purchase was funded by utilizing Chase’s existing revolving credit facility and available cash on hand. Chase expects this acquisition to be accretive to earnings within the first year of ownership, with meaningful long-term synergy opportunities. Chase will be modestly levered (~1.2x pro-forma net leverage) post acquisition and maintains ongoing financial flexibility.��

Adam P. Chase, President and Chief Executive Officer of ���ϳԹ���, commented, “We are pleased to have completed this important strategic acquisition. The acquisition of NuCera is transformational in advancing Chase’s strategic growth priorities. NuCera’s culture and technology-driven growth oriented mindset closely align with those of Chase, and we are excited to welcome the NuCera team to ���ϳԹ���.”��

Steven McKeown, Chief Executive Officer of NuCera, commented, “The Nucera team is excited to become an important part of ���ϳԹ���. We are confident that our track-record of growth and innovation will be enhanced under Chase and we thank SK Capital for their support in helping us reach this new phase of our business. On behalf of everyone at NuCera, we look forward to beginning our journey with the Chase team.”��

NuCera will expand Chase’s global reach into new, blue-chip customers and attractive high-growth end markets such as personal care, polymer additives, coatings, diversified consumer products and masterbatches. Chase will continue to market under NuCera brands and the business will be integrated into Chase’s Adhesives, Sealants and Additives reporting unit. Chase expects the integration process to run efficiently given its history of successfully integrating acquisitions. Throughout this process, Chase remains committed to ensuring its customers and NuCera’s customers continue to receive excellent products and services.��

About NuCera Solutions��

With an 85-year history of innovative chemistry, NuCera is a global leader in the development and manufacture of highly differentiated specialty polymers for markets that require high quality and performance: Adhesives, Coatings, Imaging, Masterbatches, Personal Care, Plastics and other consumer applications. NuCera supplies performance chemistry to global markets from its highly flexible manufacturing facilities in Barnsdall, OK which are supported by R&D and applications laboratories as well as pilot plant facilities. Nucera employs approximately 130 people globally. For more information, please visit /nucerasolutions��

About ���ϳԹ�����

���ϳԹ���, a global specialty chemicals company founded in 1946, is a leading manufacturer of protective materials for high-reliability applications throughout the world. More information can be found on our website /��

Use of Non-GAAP Financial Measures��

The Company uses non-GAAP financial measures in our press releases. Adjusted net income, Adjusted diluted EPS, EBITDA, Adjusted EBITDA and Free cash flow are non-GAAP financial measures. The Company believes that Adjusted net income, Adjusted diluted EPS, EBITDA, Adjusted EBITDA and Free cash flow are useful performance measures as they are used by its executive management team to measure operating performance, to allocate resources to enhance the financial performance of its business, to evaluate the effectiveness of its business strategies and to communicate with its board of directors and investors concerning its financial performance. The Company believes Adjusted net income, Adjusted diluted EPS, EBITDA, Adjusted EBITDA and Free cash flow are commonly used by financial analysts and others in the industries in which the Company operates, and thus provide useful information to investors. However, Chase’s calculation of Adjusted net income, Adjusted diluted EPS, EBITDA, Adjusted EBITDA and Free cash flow may not be comparable to similarly titled measures published by others. Non-GAAP financial measures should be considered in addition to, and not as an alternative to, the Company’s reported results prepared in accordance with GAAP.��

Cautionary Note Concerning Forward-Looking Statements��

Certain statements in our press releases are forward-looking. These may be identified by the use of forward-looking words or phrases including, but not limited to, “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated” and “potential.” These forward-looking statements are based on ���ϳԹ���’s current expectations and include statements relating to the expected timing of the acquisition described in this press release, the expected benefits of the transaction, including future financial and operating results, cost savings, enhanced revenues and accretion to reported earnings that may be realized from the transaction. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements. To comply with the terms of the safe harbor, the Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company’s business include, but are not limited to, the following: uncertainties relating to the timing of the acquisition and receipt of required regulatory approvals; the risk that the businesses involved in the acquisition will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the risk that expected revenue synergies and cost savings from the transaction may not be fully realized or realized within the expected time frame; the risk that revenues following the acquisition may be lower than expected; uncertainties relating to operating costs, potential customer loss and business disruption following the transaction, including, without limitation, the risk that difficulties in maintaining relationships with employees, may be greater than expected; uncertainties relating to economic conditions including inflation; uncertainties relating to customer plans and commitments; the pricing and availability of equipment, materials and inventories; technological developments; performance issues with suppliers and subcontractors; economic growth; delays in testing of new products; the effectiveness of cost-reduction plans; rapid technology changes; the highly competitive environment in which the Company operates; as well as expected impact of the coronavirus disease (COVID-19) pandemic on the Company’s businesses. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The Company does not assume any obligation to update or revise any forward-looking statement made in this release or that may from time to time be made by or on behalf of the Company. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the risks and uncertainties identified in Part I, Item 1A – Risk Factors of the Company’s Annual Report on Form 10-K for the year ended August 31, 2021.��

Investor & Media Contact:��

Michael Cummings or Jackie Marcus
Alpha IR Group
Phone: (617) 982-0475
E-mail: CCF@alpha-ir.com��

or��

Shareholder & Investor Relations Department
Phone: (781) 332-0700
E-mail: investorrelations@chasecorp.com
Website: www.chasecorp.com��

The post ���ϳԹ��� Announces Closing of Acquisition of NuCera Solutions first appeared on Nucera Solutions.

Formed through the carve-out of Baker Hughes’ specialty polymer business, NuCera is a recognized leader in the production and development of high-end polymer technologies and polymerization 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.��

“It has been a pleasure to support the development and growth of NuCera,” said Mario Toukan, Managing Director of SK Capital. “SK invested heavily in NuCera’s people, capabilities and facilities, establishing a leading platform of technology-oriented, specialty polymers. We believe NuCera is well-positioned to continue its growth under ���ϳԹ���’s ownership and we wish them continued success.”��

Steven McKeown, Chief Executive Officer of NuCera, commented, “After a notable period of growth, we are very excited to join the Chase family which offers a strong cultural and strategic alignment to our business. Our portfolio of innovative, high-performance products is well aligned with Chase’s core philosophy of making a material difference. On behalf of everyone at NuCera, we greatly look forward to beginning our journey with the Chase team.”��

“The acquisition of NuCera is transformational in advancing Chase’s strategic growth priorities. The Company’s competitive positioning, North American manufacturing footprint and captive synthesis capabilities will allow us to gain additional scale and know-how to broaden our offerings across multiple new end markets, while maintaining both a strong balance sheet and financial flexibility. NuCera’s growth trajectory and internal culture closely align with those of Chase and we are excited to welcome NuCera and their highly differentiated products to ���ϳԹ��� and its customers,” said Adam Chase, President & Chief Executive Officer of ���ϳԹ���.��

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 ���ϳԹ���.��

About NuCera Solutions��

With an 85-year history of innovative chemistry, NuCera is a global leader and pioneer in the development and manufacture of highly differentiated specialty polymers and polymerization technologies for markets that require high quality and performance: Adhesives, Candles, Coatings, Imaging, Masterbatches, Personal Care and Plastics. NuCera supplies performance chemistry to global markets from its highly flexible manufacturing facilities in Barnsdall, OK, which are supported by R&D and applications laboratories as well as pilot plant facilities. For more information, please visit www.nucerasolutions.com.��

About ���ϳԹ�����

���ϳԹ���, a global specialty chemicals company that was founded in 1946, is a leading manufacturer of protective materials for high-reliability applications throughout the world. More information can be found on our website /.��

About SK Capital��

SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceuticals sectors. The firm seeks to build strong and growing businesses that create substantial long-term��economic value. SK utilizes its industry, operating and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth and profitability as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $15 billion annually, employs more than 20,000 people globally, and operates 191 plants in 32 countries. The firm currently has approximately $6.6 billion of assets under management. For more information, please visit

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The post SK Capital Closes Acquisition of Specialty Polymers Business from Baker Hughes, Rebranding the Business NuCera Solutions; Announces Leadership Team first appeared on Nucera Solutions.