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.
Related Practices
Clients rely on our corporate lawyers' business judgment, legal advice, market knowledge and analytical skills to identify legal and business issues and solve problems.
Our Mergers & Acquisitions Practice brings together lawyers from our Corporate, Tax, Bankruptcy & Reorganization, Commercial Lending & Finance, Business Litigation, Compensation, Benefits & Employment, Real Estate and Intellectual Property Practices to strategically structure, negotiate and consummate complex business combinations.
Morrison Cohen’s lawyers focus on middle-market private equity transactions, representing private equity firms in the full spectrum of their activities, including acquisitions and investments, exits, co-investments and fund formation.
