Private equity firm Platte River Equity has purchased MFG Chemical Inc., a manufacturer of polymers and other chemical substances. The current deal comes approximately six months after the PE firm bought crop chemical producer Tiger-Sul Products LLC.
MFG has been operating for more than 30 years manufacturing specialty chemicals used in a variety of applications for the oil field, water treatment, mining, coatings, agricultural and industrial markets. The Dalton, Georgia-based target produces surfactants, polymers and esters. MFG received funding from the PE firm’s third fund, Platte River Equity III L.P. Financial terms of the deal were not disclosed.