SK Capital Has Completed the Sale of Foremark to Affiliates of CC Industries [Yahoo! Finance]
Piper Sandler Companies (PIPR)
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Source: Yahoo! Finance
the sale of Foremark Performance Chemicals, Inc. ("Foremark") to affiliates of CC Industries, Inc., which is the management company for the Crown family's privately-held companies. Acquired by SK Capital in 2017, Foremark is a technology-driven producer of patented and proprietary natural gas sweeteners, chemical building blocks, and slow-release fertilizers. Jack Norris, Managing Director at SK Capital, said, "SK Capital is privileged to have partnered with Randy Owens and the entire Foremark team. We are proud and appreciative of Foremark's accomplishments, having become the undisputed leader in natural gas sweetening technologies. We believe Foremark is well-positioned to continue this growth and flourish under the new ownership. We wish CC Industries and all the employees of Foremark every success." Randy Owens, CEO of Foremark, commented, "We are proud of the transformation of Foremark under SK Capital's ownership. This transaction affirms the reputation we have developed a
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