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Golden Gate Capital to Sell ArrMaz to Arkema Group

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SAN FRANCISCO–(BUSINESS WIRE)–Golden Gate Capital, a leading private equity investment firm, today
announced that ArrMaz, a global leader in specialty chemicals, has
entered into a definitive agreement to be acquired by Arkema Group
(“Arkema”) (PA:AKE) for approximately $570 million. Arkema is a global
manufacturer of specialty chemicals and advanced materials used across a
range of industries. ArrMaz’s management team, led by Chief Executive
Officer Dave Keselica, will continue to lead ArrMaz after the
transaction is completed.

ArrMaz is a trusted partner to the mining, crop nutrients, asphalt
paving, and other growing industries worldwide, providing chemical
process aids and additives formulated to improve their customers’
products and processes. For more than 50 years, ArrMaz has delivered
customized chemical solutions, engineered application systems, expert
technical and customer support, and superior responsiveness.

Dave Keselica said, “We are excited to join forces with Arkema after a
successful long-term partnership with Golden Gate Capital. Under their
ownership, we expanded and improved the technical performance of our
core product suite, entered attractive new markets such as lithium
flotation and proppant dust control, and expanded our research and
development capabilities and facilities worldwide. We look forward to
continuing to provide our customers with the highest quality chemical
solutions and unrivaled end-to-end support as we enter this next chapter
of our growth.”

Dave Thomas, Managing Director at Golden Gate Capital, said, “We thank
Dave Keselica and the entire ArrMaz team for a fantastic partnership
over the past six years. During that time, ArrMaz significantly expanded
its global footprint, particularly in the Middle East and Africa,
through acquisitions and new plant openings, while accelerating
innovation across their markets. We are confident that Arkema will be a
great partner for ArrMaz’s future growth.”

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The transaction is expected to close in the summer of 2019, subject to
customary closing conditions.

Lazard Middle Market and Moelis & Company acted as financial advisors to
ArrMaz, and Nob Hill Law Group and Kirkland & Ellis served as legal
advisors to Golden Gate Capital and ArrMaz. The Valence Group served as
financial advisor to Arkema.

About ArrMaz

ArrMaz is a global leader in the production of specialty chemicals for
the mining, crop nutrients, asphalt paving, and other growing industries
worldwide. Since 1967, ArrMaz has formulated chemical process aids and
additives to optimize our customers’ process performance and product
quality. With headquarters in Mulberry, Florida and multiple locations
across North and South America, Europe, Asia, Africa and the Middle
East, ArrMaz serves customers globally. For more information about our
company and products, visit us online at ArrMaz.com.

About Golden Gate Capital

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Golden Gate Capital is a San Francisco-based private equity investment
firm with over $15 billion of capital under management. The principals
of Golden Gate Capital have a long and successful history of investing
across a wide range of industries and transaction types, including
going-privates, corporate divestitures, and recapitalizations, as well
as debt and public equity investments. Notable investments sponsored by
Golden Gate Capital include Active Minerals, U.S. Silica, EP Minerals,
ANGUS, Cole-Parmer and Vantage Elevator Solutions. For more information,
visit www.goldengatecap.com.

Contacts

Media
Sard Verbinnen & Co
Jenny Gore/Hayley Cook
312-895-4700/212-687-8080
[email protected]

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