Capstone Partners has advised Rite Systems, a manufacturer of custom colorants and additives used in polymers, on their sale to Clariant. Terms of the deal were not disclosed.
Based out of Illinois, Rite colors markets liquid and solid colorants that are mixed into plastic. Rite Color is considered a leading U.S. masterbatches supplier with both liquid and solid masterbatches technology. The acquisition for Clariant is to help their market position in North America and help with growth opportunities with their technologically demanding customer base.