Charkit Chemical & LeBaronBrown Industries
Charkit Chemical Company, LLC has been acquired by LeBaronBrown Industries, LLC.
Decosimo acted as exclusive financial and sell-side advisor.
Chattanooga, Tennessee – Decosimo Corporate Finance, LLC is pleased to announce that LeBaronBrown Industries, LLC ("LeBaronBrown") has made an investment as a new, long-term majority shareholder in Charkit Chemical Company, LLC ("Charkit" or "Company"). Decosimo acted as the exclusive financial and sell-side advisor on this transaction.
Founded in 1982, Charkit offers a wide range of products to the personal care, food, flavor and fragrance, water treatment, imaging, metal treatment, nutritional and pharmaceutical industries, as well as to producers of fine and specialty chemicals. In addition to high-demand products, Charkit provides custom sourcing, manufacturing, technical assistance, and product development services through its partners.
Charkit has undertaken this transaction to position the Company to build off 35 years of continued growth, including entry into new markets, forging agreements with distribution partners, and pursuing selective acquisitions of other specialty chemical distributors.
LeBaronBrown Industries LLC is a private investment firm with a multi-decade investment horizon. LeBaronBrown's objective is to support the creation of long-term equity value and compounding of performance. LeBaronBrown's capital and resources will be dedicated to supporting the growth of Charkit over the long term, including by actively seeking complementary acquisitions.
For more information about this transaction, please contact the advisory team:
Tom Decosimo, Managing Principal