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| Photo: Americhem |
Pritzker Private Capital (“PPC” or “the firm”), a leader in family direct investing, announced the signing of a definitive agreement to acquire a majority stake in Americhem (“the company”), a family-owned manufacturer of custom color masterbatch, performance additive and engineered compound solutions. PPC will invest alongside members of the Juve family and management to provide Americhem with additional financial resources and expertise to accelerate growth, innovation and expansion across its end markets.
Founded in 1941 and headquartered in Cuyahoga Falls, Ohio, Americhem develops and manufactures color masterbatch and custom compound solutions that are necessary for the durability, quality and aesthetic of essential end products across a variety of markets including healthcare, fiber, transportation and building products. The company’s innovative products ensure consistent color and UV protection for plastic products and fabrics, durability and weatherability for building materials and color and critical performance for medical devices, among other high-performance use cases.
Americhem has a diversified, long-term base of more than 1,500 customers globally and is uniquely positioned to benefit from secular tailwinds across large and attractive end markets. The company operates 10 manufacturing plants with approximately 1,000 employees and sales offices located throughout North America, Europe and Asia. Americhem’s current leadership team will continue to guide the company, and Americhem Chairman, Rick Juve, will continue as a committed owner and steward on the Board of Directors post-closing.
“PPC is the ideal partner for Americhem’s next phase of growth and, importantly, the PPC team shares our core values of purpose, collaboration and continuous improvement,” said Rick Juve, Chairman of Americhem. “I am thrilled to welcome PPC to the Americhem family and I will continue to support our management team, colleagues and customers from my position on the company’s Board.”
Terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and is expected to close in the first quarter 2025.
