SK Capital, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, completed its previously announced acquisition of the specialty polymers business of Baker Hughes.
NuCera Focuses on Polyethylene Wax Market
The business has been renamed NuCera Solutions (“NuCera” or the “Company”), reflecting its history of innovation in the specialty polymers and polyethylene wax markets.
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We believe NuCera’s leading specialized polymerization technologies combined with a strong existing base of talent and new leadership team will transform the Company into an independent leader of global polymer solutions,” said Mario Toukan, a managing director of SK Capital.
NuCera Announces New Leadership Team
NuCera, with manufacturing operations in Barnsdall, Oklahoma, produces specialty low molecular weight olefin polymers, including a range of differentiated functional polymers and premium, high melting point polyethylene waxes.
NuCera Solutions has also announced the appointment of Steve McKeown as the Company’s chief executive officer and Shawn Ham as chief financial officer, effective immediately.
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We are very excited to have Steve and Shawn joining the NuCera team. Their combination of chemicals industry experience and leadership skills will help transition NuCera into the next phase of its growth and provide outstanding stewardship for NuCera’s customers, suppliers and employees,” stated Jonathan Borell, a managing director of SK Capital.
Source: SK Capital