CenterOak buys Aakash Chemicals

LUISA BELTRAN | January 31, 2017

article image
CenterOak Partners LLC has acquired a majority of Aakash Chemicals and Dye-Stuffs Inc. Financial terms weren’t announced. Aakash, of Glendale Heights, Illinois, supplies colorants, additives and other specialty chemicals. CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that it has completed a majority investment in Aakash Chemicals and Dye-Stuffs, Inc. (“Aakash Chemicals” or the “Company”). Based in Glendale Heights, Illinois, Aakash Chemicals is a value-added supplier of colorants, additives and other specialty chemicals. Terms of the transaction were not disclosed. Aakash Shah, who will retain significant equity interest in the Company, will remain in his current role as Chief Executive Officer.

Spotlight

Firmenich

Firmenich is the largest privately-owned company in the perfume and flavor business. Swiss and family owned, we have created many of the world’s favorite perfumes for over 100 years and produced a number of the most well known flavors we enjoy each day.

OTHER ARTICLES

Chemical Accidents Lead To Increase In Investigations

Article | February 17, 2020

In the last two years, the U.S. Chemical Safety Board (CSB) has launched investigations into seven separate chemical accidents or explosions in the Houston area. Prior to 2018, the CSB only conducted roughly one investigation per year. Investigators believe that the massive increase in accidents which require an investigation by the CSB is due to a variety of factors such as the large number of chemical companies in the Houston area, the age of the infrastructure, and companies being allowed to self-regulate. Many of these explosions and fires have directly led to the deaths of workers, bystanders, millions of dollars in property damage, and the evacuation of tens of thousands of local residents who risk being exposed to toxic chemicals.

Read More

Chemical Recycling of Plastic – Waste No More?

Article | March 2, 2020

When it comes to the circular economy transition, plastics recycling is as much of a challenge as an opportunity. Today, around 25.8 million tons of plastic waste are generated in Europe every year, with less than 30 percent of it getting collected for recycling. This is a huge loss of valuable resources to the economy, and with a huge cost to the environment. Could chemical recycling be part of the ultimate solution, making the plastics value chain more circular whilst providing a profitable new industry branch.

Read More

What are Fine Chemicals & Why you should Outsource its Production

Article | March 25, 2020

Fine chemicals are those which are produced with a very high standard of purity and are intended for use in specialized applications. If you are starting a new company or investing into the development phase of a new product, outsourcing the production really makes good sense. This safeguards you and your business from the financial losses suffered out of halting the production of a product unevenly. A single substance created with the assistance of chemical reactions, which is additionally integrated into highly evolved applications is called a fine chemical. In contrast to bulk chemicals that are produced in large quantities, fine chemicals are produced in small batches because of their specialized nature. They are mainly used as starting materials for pharmaceuticals, agrochemicals & biopharmaceuticals.

Read More

How Chemical Companies Benefit from the Experience Economy

Article | February 10, 2020

To feel or experience from a business engagement started with customer experience mainly in the consumer products business. Today it has extended to even knowledge industries like the chemical industry where experiencing or feeling can be leveraged to include all stake holders from customers primarily to employees to supply chain people & suppliers and all else. With digital technologies this has become easier than before. The benefits from promoting the ‘feel’ or ‘experience’ emotion could be multifarious for the chemical industry as described in this article.

Read More

Spotlight

Firmenich

Firmenich is the largest privately-owned company in the perfume and flavor business. Swiss and family owned, we have created many of the world’s favorite perfumes for over 100 years and produced a number of the most well known flavors we enjoy each day.

Events