Boston, MA – Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised Eastern-Chem Lac Corporation on its recent sale of certain assets to Randolph Products. The terms of this transaction were not disclosed.
Based in Malden, MA, Eastern Chem-Lac Corporation (“ECL”) is a niche provider of industrial coatings specializing in high-quality, environmentally friendly coatings that are used to finish a variety of manufactured goods such as electronic products and components, office furniture and metal containers. ECL has been manufacturing industrial coatings since 1939. Its advanced technology and extensive experience enables ECL to meet the specific needs of companies in widely divergent industries. Additional information about ECL can be found at www.easternchemlac.com.
Randolph Products, based in Chicopee, MA, is a high-quality manufacturer of mil-spec, general industrial, aerospace, and conductive coatings. Randolph Products is an innovative organization that possesses advanced technological capabilities and is highly committed to manufacturing excellence, continuous improvement, and unparalleled customer service. Additional information about Randolph Products can be found at www.randolphproducts.com.
Kevin Jolley, a Managing Director at Capstone, commented, “Randolph Products and Eastern Chem-Lac have highly complementary businesses. This transaction strengthens both businesses and provides new opportunities for cost savings and growth that were not available to either organization on a stand-alone basis. The new organization is very well positioned for continued success.”