Aquaspersions will invest at least $7.5 million, create 25 new jobs and establish a PPE supply chain base in St. Martin Parish.The facility will primarily supply critical components for the growing Made in USA nitrile glove industry, including SafeSource Direct’s two Louisiana locations, establishing a key PPE supply chain base in the state.
A West Yorkshire specialist chemicals manufacturer has secured investment from CBPE Capital.
The private equity firm CBPE Capital has acquired Aquaspersions Ltd and Aquaspersions (M) SDN BHD from the founding family shareholders. CBPE is investing alongside the management team led by chief executive Alan Bewsher.
Aquaspersions manufactures specialist chemicals for the global polymer industry. Its products allow for the dispersion of additives into polymer materials such as rubber, latex, adhesives, coatings and plastics. These additives are crucial to the manufacturing process, and enable end products to attain enhanced properties such as increased durability.
The business reported revenue of £35m for the year to December 2020, and has achieved 10 per cent per annum revenue growth over the last 13 years.
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