# SK Capital acquires majority stake in Techmer PM

SK Capital Partners acquired a majority interest in Techmer PM, a designer and producer of engineered compounds and color and additive concentrates, in a recapitalization partnership with CEO John Manuck.

- Type: Acquisition
- Announced: 2020-07-21
- Where: Clinton, Tennessee, United States
- Value: $100.0M
- Status: announced
- Products: engineered compounds, color and additive concentrates
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Huntsman Corp.](https://endata.com/companies/1591.md)
- [Baker Hughes](https://endata.com/companies/1895.md) (partner)
- [SK Capital Partners](https://endata.com/companies/7815.md) (acquirer)
- [Techmer PM](https://endata.com/companies/19738.md) (target)
- [Venator Materials PLC](https://endata.com/companies/49574.md) (target)

## Sources

- [techmerpm.com](https://www.techmerpm.com/with-an-eye-on-growth-techmer-pm-partners-with-sk-capital/), 2020-07-21: "SK Capital, which manages a growing portfolio of companies focused on the specialty materials, chemicals, and pharmaceuticals sectors, is acquiring a majority interest in the Clinton, Tenn.-based firm and will recapitalize Techmer in partnership with its chairman and CEO, John Manuck."
- [skcapitalpartners.com](https://skcapitalpartners.com/with-an-eye-on-growth-techmer-pm-partners-with-sk-capital/), 2020-07-21: "John and his team have built a tremendously successful platform with an industry-wide reputation for innovation, customer service, and quality."
- [skcapitalpartners.com](https://skcapitalpartners.com/sk-capital-announces-agreement-to-acquire-the-specialty-polymers-business-from-baker-hughes/), 2020-07-27: "Funds advised by SK Capital Partners, LP today announced it has signed a definitive agreement to acquire the specialty polymers business from Baker Hughes."
- [rubbernews.com](https://www.rubbernews.com/acquisition/sk-capital-acquires-specialty-polymers-business-baker-hughes/), 2020-07-27: "New York-based SK on July 27 announced it was acquiring the specialty polymers business of Baker Hughes for an undisclosed price."
- [everchem.com](https://everchem.com/huntsman-takes-loss-divesting-tio2-stake/), 2020-08-28: "I am pleased to have reached an agreement to sell our remaining interest in Venator to SK Capital."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=32), 2020-09-02: "Huntsman Corp. recently announced that it has entered into a definitive agreement with funds advised by SK Capital Partners, LP to sell approximately 42.5 million of the shares it holds in Venator Materials PLC for a cash purchase price of approximately $100 million."

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