Littlejohn & Co. Acquires Cornerstone Chemical Company
July 25, 2017 – Morrison Cohen represented an affiliate of Littlejohn & Co., LLC, a private equity firm (with more than $4.0 billion under management) investing in middle-market companies, in the negotiation of a definitive agreement to acquire Cornerstone Chemical Company, a leading global manufacturer of key intermediate chemicals for high-value industrial and consumer applications, from an affiliate of H.I.G. Capital, LLC.
Headquartered in Waggaman, Louisiana, Cornerstone is a producer of a wide-range of intermediate chemicals, including acrylonitrile, melamine, sulfuric acid and other products to a diverse set of customers in high-growth end-markets. Cornerstone operates a state of the art chemical complex composed of multiple facilities, with full transportation and logistics capabilities, long-term onsite partners and significant infrastructure for expansion. The transaction is expected to close in August 2017. For more information, click here.