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SK Capital Agrees to Acquire Specialty Polymers Business from Baker Hughes

The transaction is expected to close in the second half of 2020.

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By: Anthony Locicero

Copy editor, New York Post

Funds advised by SK Capital Partners, LP, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, announced it has signed a definitive agreement to acquire the specialty polymers business from Baker Hughes.
 
The specialty polymers business, with manufacturing operations in Barnsdall, OK, produces specialty low molecular weight olefin polymers, including a range of differentiated functional polymers and premium, high melting point polyethylene waxes.
 
“The specialty polymers business is a pioneer in the development of specialized polymerization technologies. We see tremendous opportunity for growth by further developing functional, solutions-oriented products that solve problems and create significant value for customers,” said Mario Toukan, a managing director of SK Capital.
 
The transaction is expected to close in the second half of 2020. 
 

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