SK Capital wraps up SI Group acquisition; brings Addivant into its fold

SK Capital wraps up SI Group acquisition; brings Addivant into its foldSK Capital Partners, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has completed the acquisition of SI Group, a leading global developer and manufacturer of performance additives and intermediates. The transaction includes the combination of SI Group with Addivant, an SK Capital portfolio company since 2013 and a leading global producer of specialty additives.

Headquartered in Schenectady, New York, the newly combined company will market itself under the SI Group brand and will be a global technology and industry leader in performance additives, process solutions, pharmaceuticals and chemical intermediates, with strong market positions in the plastics, rubber, fuel & lubricants, oilfield and active pharmaceutical ingredients industries. Led by Frank Bozich and John Steitz, proven chemical industry leaders with over 75 years of combined expertise, SI Group will operate with a global workforce of over 3,000 employees and 30 manufacturing facilities.

The combination of SI Group and Addivant is expected to create a global leader in the performance additives market with backward integration into key chemical intermediates. It is also expected to unlock significant earnings growth from both commercial and cost synergies.