# ChromaScape acquires CEL Chemical, a corrugated adhesives maker

Investment company Heartwood Partners' portfolio company ChromaScape acquired CEL Chemical, a manufacturer of adhesives, additives, modifiers and enhancers for the corrugated industry. The article gives no acquisition date, so the article date is used.

- Type: Acquisition
- Announced: 2023-03-16
- Status: completed
- Products: adhesives, additives, modifiers, enhancers for corrugated industry
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Heartwood Partners](https://endata.com/companies/9047.md) (investor)
- [ChromaScape](https://endata.com/companies/10377.md) (acquirer)
- [CEL Chemical](https://endata.com/companies/10378.md) (target)

## Sources

- [heartwoodpartners.com](https://heartwoodpartners.com/chromascape-acquisition-of-cel-chemical-featured-in-the-north-american-edition-of-international-paper-board-industry/), 2023-03-16: "The acquisition of the CEL product line allowed us to move downstream into the corrugating market"

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