AOC announced last week that Lone Star Fund XI has completed the acquisition of the company’s shares from CVC Capital Partners. The acquisition was first announced in July 2021.

 

After consultation with AOC workers' councils, and approval of relevant regulatory authorities, the transaction has now been completed.

 

AOC is a leading global manufacturer of unsaturated polyester resins, vinyl ester resins, and other solutions for applications in Coatings & Protective Barriers, Colorants & Visual Effects, Adhesives, and Conventional Composite Resins. After the transaction, the company will continue to operate under the AOC name, managing multiple production facilities in North America, Europe, and Asia.

 

“Lone Star appreciates AOC’s approach to value-add product delivery, and the company aligns well with Lone Star’s portfolio of specialty chemical and manufacturing businesses,” said Donald Quintin, President, Opportunity Funds, Lone Star. “We look forward to working with the AOC team as the company continues to execute its growth strategy.”

 

“We recognize that our customers, suppliers and business partners have been a big part of our success in recent years,” comments Joe Salley, CEO, AOC. “Therefore, I want to thank them for their excellent support and continued confidence in AOC. We are excited about the prospects for AOC and our partnership with Lone Star to create an even stronger company.”