United Initiators Acquires Syrgis Performance Initiators

september 4 2012

United Initiators apprised effective by end of July the acquisition of Syrgis Performance Initiators (SPI) from Syrgis Performance Products which is owned by Edgewater Capital Partners. United Initiators (UI) is a private equity owned company with headquarters in the South of Germany. UI is a globally active leader in the production and distribution of peroxides and persulfates.

Acquiring SPI will enable United Initiators to expand its product range and geographic reach. The acquisition will provide United Initiators with improved access to the organic peroxides markets across the Americas, Europe and Asia-Pacific in addition to a strong global persulfates position, facilitating opportunities for future growth and expansion. The acquisition provides UI with the critical mass for having a leading position in the growing composite materials markets. The combined turnover of United Initiators and SPI is expected to exceed EUR200 million.

Commenting on the acquisition, United Initiators CEO Ed Hoozemans said:
“We are delighted to announce our acquisition of SPI, whose market leading organic peroxide products will complement our existing initiators business. SPI is a highly regarded supplier of peroxides to the thermoset composite market segment and we see significant opportunity to build upon its established customer relationships and operational capabilities in the Americas, Europe and Asia-Pacific.”

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