Utah-based Single Family Office Sells “American Pacific Corporation” To Private Equity Fund

Utah-based Single Family Office Sells "American Pacific Corporation" To Private Equity Fund

Cedar City-based American Pacific Corporation (APC) is a producer of specialty materials (e.g. for aerospace or fire protection applications). Now, the Utah-based Huntsman single family office sells the company to private equity firm AE Industrial Partners.

American Pacific Corporation: Leading Manufacturer of Specialty Materials

Utah-based “Pacific Engineering”  was founded in 1955. Back then, the company was focusing on perchlorate chemicals. In 1970, the company made its initial public stock offering, in 1982 the company merged with American Pacific (formerly a real estate developer and financial services provider). From there on, the company mainly grew its perchlorate, fire extinguishing agent and sodium azide product lines. The company’s specialty chemicals are used by the aerospace, fire protection and pharmaceutical industry. In 2014, the company was delisted after a public-to-private transaction from H.I.G. Capital, which sold the company in 2015 to the Huntsman family office.

Huntsman Single Family Office from Utah sells APC to AE Industrial Partners

Now, Huntsman Family Investments sells the company to private equity firm AE Industrial Partners. The purchase price remains undisclosed. The single family office of Jon M. Huntsman is headquartered in Salt Lake City (Utah). Jon Huntsman was the founder of Huntsman Corporation and had a net worth of $3BN. Huntsman Corp. is a globally active chemical corporation with $9.7BN yearly sales.  Other investments of the Utah family office are the Salt Lake Tribune newspaper or GTA TeleGuam (the major telecommunication firm in Guam).

Sources
PRNewsWire, 7.02.2020
Zac Nielson, 10.02.2020

Relevant family office articles

Relevant family office lists

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *