Home / Knowledge / News / Textiles / SK Capital reinvesting in Archroma
SK Capital reinvesting in Archroma
21
Aug '17
SK Capital Partners, a private investment firm with a focus on the specialty materials, chemicals and pharmaceutical sectors, is reinvesting in Archroma in support of the company’s ongoing initiatives to drive innovation, growth and operational efficiencies and to pursue strategic investments in both organic growth and industry consolidation.

Initially acquired by SK Capital in 2013, Archroma is a global, diversified provider of specialty chemicals serving the branded and performance textiles, packaging and paper, and coatings, adhesives and sealants end markets. The company is headquartered in Switzerland and operates a highly integrated, customer-focused platform that delivers products in over 100 countries.

Under SK Capital’s ownership, the company has revitalised its performance, having carved out three non-core divisions and establishing them as an independent and integrated company, installing an experienced and talented management team, and facilitating a cultural transformation that has resulted in Archroma becoming a leading participant in their sectors. The company has generated increased profitability and cash flow by improving capacity utilisation, creating an integrated supply chain to simplify product flow, reducing corporate complexity by de-layering organisational structures, and improving key business processes.

Barry Siadat, managing director of SK Capital, said, “We are excited to be making this new investment in our existing portfolio company, Archroma. We believe there is an opportunity going forward to deliver new product innovations by capitalising on significant investments made in new technologies that improve sustainability, enhance performance and create new features and benefits coveted by our customers in the branded textiles, packaging and coatings and adhesives markets.”

Aaron Davenport, managing director of SK Capital added, “We believe Archroma is in a strong position to be a leading market consolidator in these fragmented sectors by executing on a number of attractive acquisition opportunities that can leverage the company’s existing platform and technology base. Our new equity investment and recapitalised balance sheet will provide the financial and operational flexibility needed to continue building Archroma’s competitiveness and market position.”

As part of the investment, Archroma completed an offering of its credit facilities including a multi-currency revolving credit facility, a facility for capital expenditures, and term loans. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

India’s cotton output projected at 377 lakh bales

Textiles | On 15th Dec 2017

India’s cotton output projected at 377 lakh bales

India’s cotton output in the 2017-18 season is likely to increase by...

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urmil Arya

Sushila International, a well established textile organisation established ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search