Huntsman Family Investments to Acquire American Pacific Corporation Specialty Chemicals
16 Nov, 2015, 09:00 GMT
SALT LAKE CITY, Nov. 16, 2015 /PRNewswire/ -- Huntsman Family Investments and its affiliates ("HFI") announced today that it has entered into a definitive agreement to acquire American Pacific Corporation Specialty Chemicals (the "Company" or "American Pacific") from H.I.G. Capital.
Founded in 1955, American Pacific primarily supplies rocket-grade ammonium perchlorate used in solid propellant rockets, booster motors and missiles that are utilized by the U.S. Department of Defense ("DoD") and the National Aeronautics and Space Administration ("NASA"). The Company supports various programs including the Army's Guided Multiple Launch Rocket System ("GMLRS") program, the Delta and Atlas commercial space launch vehicles and the Space Launch System ("SLS"), which is NASA's new space exploration vehicle. The Company is located in Cedar City, Utah with corporate offices in Las Vegas, Nevada.
"We are thrilled to be investing in the great state of Utah and look forward to growing this exceptional business." said Paul Huntsman, President and CEO of Huntsman Family Investments. "American Pacific represents the ideal investment for HFI and builds upon our longstanding heritage in the chemicals industry."
Aside from the perchlorates division, the Company manufactures Halotron, a branded, clean fire extinguishing agent alternative to halon-based products and sodium azide, a pharmaceutical chemical intermediate.
"Over the last 60 years, American Pacific has established a highly respected reputation as a reliable, consistent partner to its customers. We look forward to continuing to support our customers who play an integral role in defending our country and promoting our national initiatives in exploring space." said Benjamin Wu, Principal at Huntsman Family Investments.
About Huntsman Family Investments
Huntsman Family Investments is the private investment platform for the Jon M. Huntsman, Sr. family. Headquartered in Salt Lake City, Utah, Huntsman Family Investments seeks to make direct, long-term investments in diversified industries around the globe.
For more information, please visit www.hfinvestments.com.
About American Pacific Corporation Specialty Chemicals
Founded in 1955, American Pacific Corporation Specialty Chemicals primarily supplies rocket-grade ammonium perchlorate used in solid propellant rockets, booster motors and missiles that are utilized by the U.S. Department of Defense ("DoD") and the National Aeronautics and Space Administration ("NASA").
For more information, please visit www.ampac.us.
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Contact
Benjamin Wu
ben@hfinvestments.com
P: (801) 584-5921
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SOURCE Huntsman Family Investments