Deltech Holdings LLC, a producer of aromatic monomers, crystal polystyrene and resins and a portfolio company of SK Capital Partners, has bought StanChem Inc., a provider of emulsion polymers and protective coatings and a portfolio company of Artemis Capital Partners.

StanChem offers emulsion polymers for architectural and industrial markets through StanChem Polymers, and a line of protective coatings through Albi Protective Coatings. StanChem will operate as StanChem Resins, a division of Deltech, and continue to be overseen by existing management. Deltech looks to better serve its customers and find additional commercial opportunities with the acquisition of StanChem’s research and development capabilities, portfolio of products, manufacturing flexibility and customer relationships.

“The strategic acquisition of StanChem represents a major step to further build out our capabilities in the CASE (coatings, adhesives, sealants, and elastomers) value chain,” comments Jesse Zeringue, president and CEO of Deltech.

Kirkland & Ellis LLP acted as legal counsel to SK Capital and Deltech Holdings in this transaction. Evercore acted as financial advisor and Morgan, Lewis & Bockius LLP served as legal counsel to Artemis and StanChem in this transaction.