People & Business :: M&A
JP Morgan Fund Acquires Sonneborn
8:09 PM MDT | March 30, 2012 | Robert Westervelt
One Equity Partners (New York), the private equity operation of JPMorgan Chase, has acquired Sonneborn (Parsippany, NJ) from Sun Capital Partners (Boca Raton, FL). Terms of the deal were not disclosed. Sonneborn, acquired from Crompton in 2005 by Sun Capital, is a leading producer of white oils, petrolatums, waxes and hydrocarbon specialty products. Sonneborn had 2011 revenues of $407 million in 2011, of which approximately half were outside of the North America, according to Moody’s Investor Service. In 2010, Sonneborn completed the acquisition of the...
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