Chicago-based Pritzker Private Capital (PPC) has agreed to buy a majority stake in Cuyahoga Falls-based Americhem, a family-owned manufacturer of custom color masterbatch, performance additive and engineered compound solutions.
PPC will invest alongside members of the Juve family and management. Terms of the deal were not disclosed.
Founded in 1941, Americhem develops and manufactures color masterbatch and custom compound solutions that are necessary for the durability, quality and aesthetic of essential end products across a variety of markets including healthcare, fiber, transportation and building products.
“PPC is the ideal partner for Americhem’s next phase of growth and, importantly, the PPC team shares our core values of purpose, collaboration and continuous improvement,” Rick Juve, Chairman of Americhem, said in a statement. “I am thrilled to welcome PPC to the Americhem family and I will continue to support our management team, colleagues and customers from my position on the company’s board.”
“We have long admired Americhem for its track record of success and its essential role in the value chain across its end markets,” Kaitlyn Desai, Principal at PPC, said in a statement. “We were delighted when Rick approached us to explore a partnership. We are very familiar with this sector and see many opportunities to build on Americhem’s strong foundation, accelerate growth and achieve sustained success together.”
The transaction is subject to customary closing conditions and is expected to close in the first quarter 2025.
