Active Minerals Acquired by Golden Gate Capital
Founded in 1964, Active Minerals is a global producer and distributor of specialty industrial minerals, including kaolin and gel quality attapulgite clay minerals.
Private equity investment firm Golden Gate Capital recently announced that it has completed its acquisition of Active Minerals International, LLC (AMI) from Merit Capital Partners. AMI will continue to be led by its current management team, including Dennis Parker, president and CEO. Management will retain a significant ownership stake in the business. Financial terms of the transaction were not disclosed.
Founded in 1964, AMI is a global producer and distributor of specialty industrial minerals, including kaolin and gel quality attapulgite clay minerals. AMI is headquartered in Sparks, Md., and has regional offices in China, Taiwan, Mexico, and Australia. The company’s products are sold globally for industrial, agricultural and construction-related applications.
“We are excited to partner with Golden Gate Capital, who is fully aligned with our long-term strategic vision and has a demonstrated track record of building long-term value for its portfolio companies,” said Parker. “Golden Gate Capital’s strong financial resources, combined with its deep experience in investing in industrial minerals companies, will enable us to accelerate our growth strategy and bolster our leading market positions in kaolin and gel quality attapulgite clay minerals. Our success has been built on providing the highest quality products and strong technical support to our customers, and this transaction allows us to extend those efforts.”
According to Dave Thomas, a managing director at Golden Gate Capital, “Active Minerals represents a unique opportunity to invest in a compelling minerals platform with global scale. We have a deep appreciation for high quality industrial minerals franchises and experience in partnering with management to reinforce those strengths and accelerate growth. AMI’s market-leading products, access to high-growth end-markets, and commitment to customer service provide an excellent foundation for the business. We look forward to supporting Dennis and the talented Active Minerals team as the company enters its next chapter of growth.”