News Releases

Baker Botts Represents SI Group in Acquisition by SK Capital Partners

News Release
Deal Description: June 1, 2018 – SK Capital Partners, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, announced today an agreement to acquire SI Group, a leading global developer and manufacturer of performance additives and intermediates. Headquartered in Schenectady, New York, SI Group operates 20 manufacturing facilities on five continents with more than $1 billion in annual sales and over 2,800 employees worldwide.

SI Group is being acquired from the descendants of W. Howard Wright, who founded the company in 1906. At the close of the transaction, SK Capital will combine SI Group and Addivant, a leading global supplier of additives including antioxidants, antiozonants, inhibitors, polymer modifiers and UV stabilizers used by customers to improve the production and performance properties of polymers, plastics and rubbers. SK Capital has owned Addivant since 2013.

The transaction is expected to close in the second half of 2018.

Baker Botts is representing SI Group in the transaction.

Baker Botts Lawyers/Offices Involved:

Corporate: Geoffrey L. Newton (Dallas, Partner), Michael Young (Dallas, Associate), Michelle Matthews (Dallas, Associate), Ian Lurie (Dallas, Corporate), Cale L. Curtin (Dallas, Associate) and Sumair Sangha (Dallas, Associate)

Antitrust: Sean Boland (Washington, Partner), Catriona Hatton (Brussels, Partner), David Cardwell (Brussels, Counsel) and Jeffrey S. Oliver (Washington, Senior Associate)

Employee Benefits and Labor Matters: Eric Winwood (Dallas, Partner), Jennifer Trulock (Dallas, Partner) and Marian Fielding (Dallas, Associate)

Environmental: Aileen M. Hooks (Austin, Partner) and Paulina Williams (Austin, Special Counsel)

Finance: Jon Finelli (New York, Speical Counsel) and Peter Glenn (New York, Senior Associate)

Intellectual Property: Jennifer C. Tempesta (New York, Partner) and Carolyn Pirraglia (New York, Associate)

Real Estate: Patrick Matthews (Dallas, Senior Associate)

Tax: Stephen D. Marcus (Dallas, Partner) and Jordan Hahn (Dallas, Associate)

 

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About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 178-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit BakerBotts.com.

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