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Stock impact report

AE Industrial Partners Completes Sale of American Pacific Corp. to NewMarket Corp. for $700 million

NewMarket Corp (NEU) 
Company Research Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, National Security, and Industrial Services, today announced that affiliates of AEI have completed the sale of American Pacific Corporation (“American Pacific” or the “Company”), a leading specialty materials manufacturer of critical chemicals for some of the U.S. Government’s most vital military and space programs, to NewMarket Corporation (NYSE: NEU) for $700 million in cash.Founded in 1955, American Pacific produces highly specialized chemicals through proprietary processes for use in missile defense, space launch, pharmaceutical, and fire suppression applications. The Company, based in Cedar City, Utah, produces performance additives utilized in solid rocket motors for use in space launch and military defense. American Pacific is qualified to work on several NASA and Department of Defense programs, serving these organizations for over 60 years. American Pacifi Show less Read more
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