Resilience Capital Partners Completes Acquisition of SpecialtyChem Products Corp.

Nov 03, 2006, 00:00 ET from Resilience Capital Partners

    CLEVELAND, Nov. 3 /PRNewswire/ -- Resilience Capital Partners
 (, a Cleveland-based private equity firm, has
 completed the acquisition of substantially all of the assets of
 SpecialtyChem Products Corporation of Marinette, Wisconsin. SpecialtyChem
 filed for chapter 11 bankruptcy protection on June 12, 2006. The new
 company will be known as ChemDesign Products, Inc.
     Founded in 1983, SpecialtyChem Products is one of the largest
 independent, custom manufacturers of specialty and fine chemicals in North
 America. The company manufactures custom and proprietary specialty and fine
 chemicals for various industries including the specialty paper, polymer,
 agriculture and other industries in which high performance chemical
 intermediates are used.
     "We are thankful to the company's dedicated employees, suppliers and
 customers for their continued support and commitment to the business. We
 are excited about the growth prospects of SpecialtyChem and believe that we
 can help achieve those goals with proper capitalization and support for the
 organization," said Bassem Mansour, a Managing Partner of Resilience
 Capital Partners.
     "We are enthusiastic about our new ownership under Resilience Capital
 and continue to believe that SpecialtyChem is well positioned to be a
 leader in the fine and specialty chemical marketplace," said Dave Mielke,
 President of SpecialtyChem.
     "SpecialtyChem serves an important niche in the fine chemicals industry
 with a blue chip customer base. We are highly confident that the Marinette
 facility can return to the profitable position it had achieved in the
 past," said Steven Rosen, a Managing Partner of Resilience Capital
     About Resilience Capital Partners
     Resilience Capital Partners is a private equity firm based in
 Cleveland, Ohio focused on investing in underperforming and turnaround
 situations. Resilience's investment strategy is to acquire lower middle
 market companies that have solid fundamental business prospects, but have
 suffered from a cyclical industry downturn, are under-capitalized, or have
 less than adequate management resources. Resilience typically acquires
 companies with revenues of $25 million to $250 million. Resilience manages
 two private equity funds with capital under management of over $75 million.
 Since its inception in 2001, Resilience has acquired 11 companies with
 revenues in excess of $600 million.
     Contact Information
     Bassem Mansour
     Resilience Capital Partners
     25201 Chagrin Blvd., Suite 360
     Beachwood, OH 44122
     David Mielke
     ChemDesign Products, Inc.
     2 Stanton Street
     Marinette, WI 54143

SOURCE Resilience Capital Partners