H2 Equity Partners backs Metals and Additives, merging it with William Blythe into a $160M chemicals platform
What's the deal? H2 Equity PartnersDealroom has a profile for this one. Try Dealroom → has invested in Metals and AdditivesDealroom has a profile for this one. Try Dealroom →, an Indiana-based maker of flame retardants, smoke suppressants, catalysts, and lead oxide products, and will combine it with UK specialty chemicals firm William BlytheDealroom has a profile for this one. Try Dealroom →. Peakstone GroupDealroom has a profile for this one. Try Dealroom → advised Metals and Additives as exclusive financial adviser. Terms were not disclosed.
What each side brings: Founded in 1973 in Brazil, Indiana, Metals and Additives runs four businesses — Polymer Additives GroupDealroom has a profile for this one. Try Dealroom →, AddendaDealroom has a profile for this one. Try Dealroom →, Reedy ChemicalDealroom has a profile for this one. Try Dealroom →, and Omni OxideDealroom has a profile for this one. Try Dealroom → — serving data centre, aviation, battery, and building materials markets across North America and Asia. William Blythe, founded in 1845 and already an H2 portfolio company, makes specialty inorganic chemicals for regulated, high-performance applications.
What's the endgame? The merger creates an international platform focused on regulated and mission-critical applications, with leading positions in flame retardants and smoke suppressants. The combined business has revenues of over $160 million.
Why now? Chief executive officer Gregg Bennett said William Blythe's "European and Asian presence, technical expertise, and strong reputation" give Metals and Additives a platform to expand globally.
"The combination of Metals and Additives and William Blythe creates a unique, international platform," said Luke Bray, investment director at H2.
The signal: The deal reflects private equity's continued push to build cross-border specialty chemicals platforms by bolting complementary manufacturers onto existing portfolio companies, betting on scale in regulated, high-margin niches.
Read more: Peakstone Group
Image credit: U.S. Army Materiel Command
