Investment firm Sun Capital Partners on Friday completed its acquisition of Crompton Corp.s Refined Products business. The newly spun-offcompany was named Sonneborn Inc., adopting the identity it used for the first half of the 20th century.
Sun Capital of Boca Raton, Fla., paid $80 million for the business, which includes plants in Petrolia, Pa., as well as Amsterdam, Koog aan de Zaan and Haarlem, Netherlands. With 470 employees and annual revenues of $265 million, Sonneborn is the worlds largest dedicated supplier of white oils, petrolatums and microcrystalline waxes.
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