MCM Announces Acquisition of Zinkan Enterprises
CLEVELAND, OHIO – MCM Capital Partners (“MCM”), is pleased to announce its investment to fund the majority recapitalization of Zinkan Enterprises Inc., a manufacturer and value added distributor of specialty chemicals serving mining, industrial and commercial customers. Senior financing was provided by Key Bank.
Founded in 1982, Zinkan, headquartered in Twinsburg, Ohio, is the premier provider of proprietary formulations used in mining, general industrial water treatment and wastewater applications. Zinkan’s current product line includes airborne particulate control chemicals, flocculants, frothers, freeze conditioners, defoamers, pond treatment products, pH control products, cooling tower biocides and descaling chemicals.
“We are excited to partner with Zinkan Enterprises, an industry leader in water treatment and mining chemicals, which fits extremely well with our investment focus on niche manufacturers of highly value added engineered products operating in segments, likely to grow faster than GDP,” said Mark Mansour, Managing Partner, MCM Capital Partners.
MCM has appointed Harry Shimp, one of MCM’s Senior Operating Partners, as Chief Executive Officer. Mr. Shimp has been involved with the firm for over 15 years, most recently as CEO of Dexmet, an MCM II portfolio company. “Jim Zinkan, along with his son Brian and the rest of the team have done a great job in positioning Zinkan as the “go to” supplier in their field. We intend to build on that foundation and adopt a strategy to drive aggressive growth.”
Incumbent management will continue to play a key role in driving the company’s growth. “With the additional financial and management strength of MCM, Zinkan and all its people can continue our strong growth both in the USA and globally,” stated founder Jim Zinkan.