Chemsil Silicones, Inc. (“Chemsil”) has been sold to Innospec, Inc. (NASDAQ: IOSP).
Chemsil, based in California, is privately-owned by its founder, Jim Harrison. Chemsil develops and markets silicone-based formulations to the personal care industry. Chemsil will become part of Innospec’s Performance Chemicals business, which develops and markets a range of surfactants and emollients to the personal care industry.
Innospec, headquartered in Colorado, manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific.
EC M&A* acted as exclusive financial advisor to Chemsil on this transaction.
*Represents transaction executed by Senior Professionals at EC M&A at prior firms