Littlejohn & Co. has agreed to buy chemicals producer Cornerstone Chemical Co. from HIG Capital. The deal comes as the middle-market is seeing robust M&A in the chemicals sector.

Headquartered in Waggaman, Louisiana, Cornerstone manufactures melamine and sulfuric acids for the fracking, construction and transportation sectors. Financial terms of the deal were not disclosed. HIG purchased the target in 2011.

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