Transaction Type
Industry Sector
Industrial Manufacturing
IRVINE, California – Keystone Capital Markets, Inc. (“Keystone”) is pleased to announce that its client Yenkin-Majestic Paint Corporation / OPC Polymers (“Yenkin-Majestic”) has completed a joint-venture partnership with Multiquimica Dominicana (“Multiquimica”). Keystone served as the exclusive investment banking advisor to Yenkin-Majestic.
Based in Columbus, Ohio, Yenkin-Majestic through its OPC Polymers division is a leading formulator and manufacturer of specialty resins for paint applications and one of the top North American suppliers of resins for the coatings industry.
Multiquimica Dominicana, founded in 1982 with manufacturing facilities in the Dominican Republic and Guatemala, and Yenkin Majestic / OPC Polymers, founded in 1920, combine 144 years of experience.
The transaction resulted in the creation of OPC Polymers LLC, a joint-venture partnership between both privately held business to combine a broad portfolio alkyds resins, waterborne latex emulsions and other specialty chemicals. This new joint venture will result in a stronger resin supplier for the North American paint and coatings market.
Brad Schreiber, Managing Director at Keystone Capital Markets, led the team advising Yenkin Majestic on the transaction.