Investment in Americo Chemical Products
Barings Supports Harbour Group’s Investment in Americo Chemical Products
One of the top investment managers in the world, Barings, revealed today that it had acted as the administrative agent and lead arranger for a senior secured facility to support Harbour Group's investment in Americo Chemical Products, Inc. ("Americo").
Americo, a major supplier of creative chemical solutions for sectors that need to treat the surface of metal and other substrates, was established in 1989 and has its corporate headquarters in Elgin, Illinois. Its remedies include chemicals for the purification of wastewater, the purification of metals, and other specialized uses. The transaction's financial details weren't made public.
“We are excited to welcome Americo to Harbour Group,” said Jeff Fox, Harbour Group’s Chairman and Chief Executive Officer. “With a focus on providing uniquely formulated solutions to customers’ specific needs, Americo helps its customers solve challenging pre-treatment problems and improve operating performance.
In partnering with Harbour Group, Americo will be in an even stronger position to scale in its existing market, while focusing on expanding its product offering and end market applications.”
“Barings greatly appreciates the opportunity to support Harbour Group’s investment in Americo. We are committed to investing in high quality businesses led by innovative management teams and backed by top-tier financial sponsors,” said Patrick Hartman, Managing Director in Barings’ North American Global Private Finance Group.
“Americo’s management team has established a high-touch customer service business model that allows the company to differentiate itself by providing customized solutions and formulations that result in superior, longer lasting products for customers and their end users. Harbour Group’s dedicated resources and track record of operational excellence will help build on and accelerate Americo’s growth trajectory.”
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