AKRON, Ohio – Private investment firm Signet LLC has announced that it has formed a Chemical Specialties Division, a platform that will include four of its chemical manufacturing & service companies. The platform will be overseen by Kevin Williams, who was recently hired as President of the new Chemical Specialties Division. The four companies in the platform include:
– Sprayroq, a national industry leader in spray applied resin technology for structural rehabilitation and corrosion protection of water, wastewater and other industrial infrastructure assets, based in Birmingham, Alabama;- Sprayroq of China, which similarly services applied resin contracts in Asia, based in Shanghai;
– Creative Polymer Solutions, an innovator in the field of customized polymer technology for corrosion control and structural rehabilitation in commercial and in public sectors, also based in Birmingham, Alabama;
-And Signet’s newest acquisition, Blue Grass Chemical Specialties, a chemical manufacturer engaged in contract manufacturing and toll production of custom proprietary chemical products which include nitrated metal salts, precipitated products and other specialty low-volume chemical applications, based in New Albany, Indiana.
Signet leadership expects each of the companies to continue their recent growth and looks forward to even more dramatic growth with the formation of this platform under Williams’ oversight.
“Signet’s ownership philosophy has always been to build and expand our portfolio through insourcing and acquisition of like companies in order to get to a point of critical mass, where market saturation and industry brand awareness can be attained,” says Anthony (Tony) Manna, Chairman of Signet LLC. “We don’t just buy and hold, we see where we can bring value and effective change to each company. The formation of this dedicated specialty chemical platform, and bringing in Kevin Williams to lead it, is the next step in that evolution.”
Previous to taking on his new role at Signet, Williams was President of Univertical, an international industry leader in metal chemicals manufacturing. Prior to that, Williams was General Manager of Univertical International, based in Suzhou, China, which gives him extensive experience in the Chinese industrial markets in which Sprayroq of China operates.
“Kevin brings a high level of quality, expertise and experience to our organization, specifically in the areas of chemical manufacturing,” says Mark Corr, President and COO of Signet, LLC. “This is a very exciting time for the entire Signet Chemical Specialty Division, as each of the individual operating units are experiencing rapid growth. Kevin has an outstanding reputation for leadership development, process management and product development in the chemical industry and is uniquely qualified to provide hands-on support and the guidance necessary to not only maintain but build upon our momentum.”
Williams will take over direct management and oversight of the leadership teams at each of the individual operating units, a role that Corr served from Signet LLC’s corporate offices in Akron, Ohio. Kevin will be relocating to Birmingham, home of two of the division’s businesses, Sprayroq and Creative Polymer Solutions. Kevin will focus on advancing market penetration initiatives and enhancing brand awareness in the industry, while Corr will continue to focus on strategic activities including mergers and acquisition opportunities and expansion initiatives.
“I am truly honored to join the Signet LLC management team and lead each of these growing companies in the chemical manufacturing space,” says Williams. “With the four companies now organized and aggregated into their own division, we will be afforded the opportunity to achieve more efficient growth as a team and exploit strategic synergies within the platform and the greater marketplace, without mitigating the individual strengths and value propositions of each company.”
Creative Polymer Solutions will move into a new, larger plant in Birmingham in the first quarter of 2019, which will allow for greater capacity for the company which has seen dramatic growth since its inception in late 2015.
Blue Grass Chemical Specialties is currently in the process of undergoing several dramatic capital improvements to its operating facility in New Albany, and just underwent a corporate rebranding, unveiling a new logo and company website.
About Signet LLC
Signet brings an innovative, unconventional approach to global investment that embodies creativity and forward thinking to achieve long-term success. With leadership and expertise in the areas of project structuring, capital formation, operational investment and management, we tailor strategy and resources to meet each unique opportunity. Boundless in ideas and tactics, Signet has spent 20+ years crafting collaborative partnerships that advance initiatives in real estate, diversified manufacturing, health and wellness, emerging technologies, investment banking and finance. Visit signetllc.com.
Sprayroq is a global industry leader in spray applied resin technology for structural rehabilitation and corrosion protection of water, wastewater and other industrial infrastructure assets. Visit http://www.sprayroq.com
About Creative Polymer Solutions
Creative Polymer Solutions is an innovator in the field of polymer technology for corrosion control and structural rehabilitation in commercial and in public sectors. With a focus on providing creative, cutting-edge solutions for challenging applications, CPS is fully invested in each client’s unique needs, from development to design to initial usage. Visit http://www.creativepolymer.com.
About Blue Grass Chemical Specialties
Blue Grass Chemical Specialties, LLC is a chemical manufacturer engaged in contract manufacturing and toll production of custom proprietary products and “Blue Grass” branded chemical products. Blue Grass’ diverse range of production capabilities includes nitrated metal salts, precipitated products and other specialty low-volume chemical applications. Visit http://www.bluegrasschemical.com.