# Palo Duro Capital acquires Crowley Chemical and Rusmar from L.C. Group

L.C. Group sold Crowley Chemical, Inc. and Rusmar, Inc. to Palo Duro Capital, LLC. The companies will become part of newly-formed CCR Specialty Chemicals, LLC. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2018-08-31
- Where: United States
- Status: completed
- Products: polyurethane CASE chemicals, foam coatings, application equipment
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Palo Duro Capital](https://endata.com/companies/34029.md) (acquirer)
- [L.C. Group](https://endata.com/companies/34030.md) (partner)
- [Crowley Chemical](https://endata.com/companies/34031.md) (target)
- [Rusmar](https://endata.com/companies/34032.md) (target)

## Sources

- [alantra.com](https://www.alantra.com/ib-transaction/lc-group-sell-side-advisory-crowley-chemical-company-inc-palo-duro-capital-llc/), 2018-08-31: "On behalf of the L.C. Group we are grateful for the thoughtful and dedicated guidance that the Alantra team provided throughout the process."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.