PE-based CPS acquires FAR Chemical from Edgewater
Summary
The combination of FAR with CPS’s specialty chemical and cGMP manufacturing capability will enable us to broaden our offerings to pharmaceutical, advanced composites, CASE and personal care customers.”Combining our companies will result in an expanded suite of chemistries and capabilities, allowing us to provide enhanced product and service offerings to our customers and more opportunity for our suppliers.We’re excited to see the organization’s continued success and believe the CPS platform will further strengthen FAR’s ability to support its customers through its unique capabilities and chemistries,” said Bob Girton, Partner at Edgewater.Edgewater Capital Partners, headquartered in Cleveland, Ohio, is a sector focused private equity firm investing in lower, middle-market performance materials businesses.Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience and seeks companies typically in the range of $100 – $500 million of initial enterprise value.