SK Capital Partners, LP has finalized the sale of Foremark Performance Chemicals, Inc. to CC Industries. Foremark, a leader in natural gas sweetening technologies, was acquired by SK Capital in 2017. During SK Capital’s ownership, Foremark expanded its market position and innovated in its niche, contributing to the industry’s clean energy transition. The transaction was facilitated by financial advisors Piper Sandler and HSBC, with King & Spalding LLP acting as legal counsel. Based in League City, TX, Foremark operates a high-tech manufacturing facility in La Porte, TX, near the Houston ship channel. The company is known for its sustainable production processes and broad portfolio of natural gas sweeteners and formalin, having earned the EcoVadis Platinum Sustainability Medal. This sale is highlighted by Jack Norris, Managing Director at SK Capital, who expressed pride in Foremark’s achievements and confidence in its continued growth under the new ownership. Randy Owens, CEO of Foremark, also praised the company’s evolution and the support from SK Capital. With this strategic divestment, SK Capital strengthens its investment track record, as Foremark joins the portfolio of businesses managed by CC Industries for the Crown family’s private entities.

Private Equity, Chemical Manufacturing, Financial Advisory, Legal Services,United States

SK Capital has Completed the Sale of Foremark to affiliates of CC Industries