Acquisition of Framochem Kft
Our attorneys advised VanDeMark Chemical Inc., the largest, independent manufacturer of phosgene and phosgene derivatives in North America, in its acquisition of Framochem Kft from ISOCHEM S.A.S., a company belonging to Germany’s AURELIUS Group, and the related debt and equity financings in connection with this acquisition.
Based in Hungary, Framochem is a leading European-based manufacturer of phosgene products, which are widely used in the pharmaceutical, agricultural-chemical, personal care, polymer and fine chemical industries. With a combined total of 22,000 tons in annual production capacity for phosgene, VanDeMark and Framochem together will be one of the world's largest producers of fine chemicals focusing on phosgenation chemistry. As part of the transaction, VanDeMark has also acquired a sales office in Germany, ISOCHEM Deutschland GmbH.
VanDeMark is a portfolio company of the US-based private equity investor Uni-World Capital, L.P., which acquired VanDeMark together with several institutional co-investors. Our attorneys have previously advised Uni-World Capital on multiple transactions, including its acquisition (together with additional institutional co-investors) of VanDeMark in December 2012.