Lion Chemical Capital Closes Sale of Excel Polymers

HOUSTON, Nov 30, 2010 /PRNewswire/ -- (http://www.myprgenie.com) -- Lion Chemical Capital, LLC, with offices in Houston and New York, is pleased to announce the closing of the sale of its portfolio company Excel Polymers, LLC to HEXPOL AB for approximately $220 million after adjustments. HEXPOL is a world-leading polymer materials group headquartered in Sweden. Lion's investors received a return of greater than 4x on the Excel investment.

The company was originally purchased from PolyOne Corporation in 2004 where it was viewed as a non-core asset. Through the efforts of an excellent management team and an active Board of Directors, many strategic and operational changes were made that resulted in a strong and growing earnings history. HEXPOL will now become the leading merchant elastomer compounder worldwide with addition of the excellent team at Excel. Advisors on the transaction included investment bankers Jeffries & Co. and Moelis & Company and the law firm of Benesch, Friedlander, Coplan & Aronoff LLP.

About Lion Chemical Capital

The Lion team is comprised of professionals with significant chemical industry experience. For example, Peter De Leeuw's experience includes over 30 years running businesses for Shell Chemical, as CEO of Sterling Chemical, and as Chairman of both Excel Polymers and Lion Copolymer. Our principals also bring extensive backgrounds in private equity and investment and commercial banking management. Lion targets investment opportunities in the chemical and related industries and focuses on "under-managed" businesses in order to transform non-core entities into strategically focused enterprises. For more information, visit Lion's web site at www.lionchemicalcapital.com or contact us at (281) 664-0111.

Contact: Stephen Lyttleton, [email protected], 281-664-0112

SOURCE Lion Chemical Capital, LLC