FLORENCE, KY - April 2, 2008 – Private equity firm SK Capital Partners LP has purchased Aristech Acrylics LLC from Mitsubishi Corp., the companies announced Wednesday. The acquisition price wasn't disclosed.
Aristech manufactures continuously cast acrylic sheets for hot tubs, bathtubs and showers, signage and other applications. The company, founded in 1969, operates its headquarters in Florence and a plant in Belen, N.M.
"While we remain focused on profitability, which underpins our stability and prosperity for our employees, we now can actively seek out new opportunities to develop the company," said David Knowles, president of Aristech.
About SK Capital Partners
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors. Our integrated, multi-disciplinary team utilizes its prior industry, operating and investment experience to transform businesses into higher performing organizations. Located in New York, NY and Boca Raton, FL, we are currently investing from SK Capital Partners III, L.P., a $500 million fund of committed capital. Our portfolio companies generate revenues of over $3.0 billion annually and employ more than 3,400 people.
