Bellevue, WA, April 7, 2021 – Wind Level Companions (“Wind Level”) and Ascensus Specialties LLC (“Ascensus”) in the present day introduced that Ascensus has accomplished the acquisition of Strem Chemical compounds, Inc. (“Strem” or the “Firm”). Strem is a worldwide chief in high-purity, research-grade catalysts, ligands, organometallics, metallic carbonyls and CVD/ALD precursors.
Primarily based in Newburyport, Massachusetts, Strem sells and manufactures specialty chemical substances for probably the most demanding, high-purity finish markets of life sciences, microelectronics and different specialties markets. Based in 1964 by Michael Strem, the Firm’s merchandise function important elements for producers, researchers and lecturers. As well as, Strem gives customized synthesis and cGMP manufacturing providers for high-potency APIs (lively pharmaceutical substances).
Headquartered in Bellevue, Washington, Ascensus is the world chief in borohydride, borane, and specialty alcoholates manufacturing. Wind Level constructed Ascensus by means of the acquisitions of former Dow Chemical and BASF specialty chemical substances companies. Ascensus’ specialty chemical substances are important reagents for all times sciences, microelectronics and different specialties prospects throughout North America, Europe and Asia.
Mike Huff, CEO of Ascensus, acknowledged, “We’re extraordinarily excited to have Strem be part of the Ascensus household. Strem has a world-class crew and a famend fame that has been methodically fostered for over half a century below the management of Michael Strem and Ephraim Honig. We are going to look to additional help the crew’s extremely technical R&D tradition, differentiated product providing and value-added buyer relationships. Collectively, Ascensus and Strem can be a worldwide specialty chemical substances chief serving the demanding, high-growth life sciences and specialties markets.”
Alex Washington, Wind Level Managing Director, added, “Strem represents a superb addition to the Ascensus platform. The mixed enterprise can have capabilities to supply options starting from lab to giant scale business manufacturing. Strem’s industry-leading technical competency is a significant addition to Ascensus’ current capabilities, and Ascensus seems to be ahead to working with Ephraim and the Strem crew to amplify new product and software improvement efforts.”
Ephraim S. Honig, former CEO of Strem, can be becoming a member of the Ascensus management crew as Chief Science and Innovation Officer and can oversee the mixed companies’ Analysis and Improvement perform. Mr. Honig famous, “We’re excited to grow to be a part of the Ascensus household and start the following chapter for our staff, prospects and companions. Ascensus and Strem have extremely complementary chemistry capabilities and finish market functions. We sit up for accelerating our funding in R&D capabilities to drive innovation and new chemistries on behalf of our prospects.”
Michael Strem, Founder & President of Strem Chemical compounds, commented, “We thoughtfully selected Ascensus because the associate for the following section of Strem’s development. Our staff’ pursuits and well-being have been my high precedence, and the sturdy cultural match will present alternatives for our crew. The extra sources and international attain of Ascensus will ship Strem’s sturdy capabilities to an excellent broader viewers of shoppers.”
Reed Smith LLP served as authorized counsel to Wind Level and Ascensus, and KPMG LLP supplied advisory providers in reference to the transaction. Honigman LLP served as authorized counsel and Grace Matthews, Inc. served as monetary advisor to Strem.
About Ascensus Specialties
Headquartered in Bellevue, Washington, Ascensus Specialties LLC is the worldwide chief in borohydride, borane and specialty alcoholate reagents. Ascensus chemistries enhance the best way its shoppers create their merchandise by making what they do simpler, extra environment friendly, safer and extra selective. From world-class manufacturing vegetation in Elma, Washington, and Evans Metropolis, Pennsylvania, Ascensus has a worldwide attain that ensures that shoppers can persistently manufacture their merchandise to the very best requirements.
Further details about Ascensus is out there at www.ascensusspecialties.com.
About Strem Chemical compounds
Strem Chemical compounds, Inc., established in 1964, is a producer and marketer of specialty chemical substances of excessive purity. Strem’s key choices embody catalysts, ligands, organometallics, metallic carbonyls and CVD/ALD precursors. The Firm’s merchandise are used for analysis and improvement and business scale functions, notably inside life sciences, microelectronics, and different specialties finish markets. Strem additionally gives customized synthesis (together with excessive stress synthesis) and cGMP manufacturing providers.
Further details about Strem Chemical compounds is out there at www.strem.com.
About Wind Level Companions
Wind Level Companions is a Chicago-based personal fairness funding agency with roughly $three.5 billion in belongings below administration. Wind Level focuses on partnering with high caliber administration groups to accumulate well-positioned center market companies the place it may possibly set up a transparent path to worth creation. The agency targets investments within the shopper merchandise, industrial merchandise and enterprise providers sectors. Wind Level is at the moment investing out of Wind Level Companions IX, a $1.5 billion fund that was initiated in 2019.
Further details about Wind Level is out there at www.windpointpartners.com.