Platte River Equity Portfolio Company, MFG Chemical, Acquires Gulf Bayport Chemicals
|DALTON, GA – MFG Chemical, LLC (“MFG”), a specialty chemical manufacturer of polymers, surfactants and esters, announced today that it has acquired Gulf Bayport Chemicals LP (“GBC” or the “Company”). Headquartered in Houston, TX, with plant operations in Pasadena, TX, GBC is a manufacturer of maleic anhydride derivatives and provides a variety of contract manufacturing, warehouse and transportation services for a range of industrial end markets.
“The acquisition of GBC expands MFG’s geographic footprint into the Gulf Coast, demonstrating commitment to our customers in the region,” said Keith Arnold, CEO of MFG. “We are excited for this acquisition and the growth opportunities it will provide MFG in the future.”
The addition of GBC brings a world-class chemical facility in an ideal location in the Houston ship channel area. The site benefits from direct rail access and has an extensive utility infrastructure, providing MFG the opportunity to significantly expand its manufacturing capacity.
“GBC has developed a great reputation as a producer of maleic anhydride-based chemicals for customers in various end markets,” said GBC CEO John Nowlan. “We believe that our capabilities and customer and supplier relationships will complement MFG’s strong position in the specialty chemicals market.”
About Gulf Bayport Chemicals LP