Los Angeles-based private equity firm OpenGate Capital has acquired St. Louis-based speciality solvent and chemical distributor Chemisphere Corp. from its founder, Bob Schwent, to expand chemical distribution platform, the company said.
Terms of the acquisition were not disclosed. OpenGate has also acquired Chemsolv and combined, Chemisphere and Chemsolv form a strong platform, poised for organic growth and future add-on acquisitions.
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