Investment Bankers to the Middle Market
header

Press Room

Corporate Finance Associates Advises Ultramotive Corp. in the Acquisition By Guy Chemical Company, Inc.

CFA Exclusive Advisor to Ultramotive Corp.

Ultramotive Corp TombstoneLos Angeles, CA – September 6, 2018 – Corporate Finance Associates (CFA) a leading middle-market mergers and acquisitions firm, announced it initiated and acted as the exclusive financial advisor to Ultramotive Corp. in its recent acquisition by Guy Chemical Company, Inc. based in Somerset.

Guy Chemical Company Inc., a specialty manufacturer of silicone-based industrial products, acquired Ultramotive Corp. in a private transaction on September 6. Terms were not disclosed. Guy Chemical, based in Somerset, PA, develops and formulates silicone sealants, silicone greases and epoxy adhesives, and provides contract packaging services for customers in the automotive, industrial and home markets.

"The purchase of Ultramotive is a perfect fit for us," said Guy Berkebile, the founder and CEO of Guy Chemical. "We are growing rapidly and this acquisition will increase our manufacturing capacity and enable us to serve our customers with additional silicone based products."

Based in Bethel, VT, Ultramotive Corp. manufactures piston-based dispensing products and provides can filling services using the patented Delbar® piston system. The company has developed special expertise in working with silicones, caulks, greases and lubricants used in the automotive and household products markets.

"We've known Guy Chemical for many years," said Betsy Scheindel, president of Ultramotive, whose late father, Chris, started the company in 1969. "It is a growing company with a great reputation. We share the same work ethic and we look forward to continuing to serve our mutual customers from our plant here in Bethel."

Transaction Information

Terms of the transaction were not disclosed.

Financial representation was provided by Craig Allsopp, CFA Managing Directors based in Portland, Maine.

About Corporate Finance Associates

Corporate Finance Associates is a major investment banking services firm, with offices across North America and India and partner offices in Asia, South Africa and throughout Europe providing middle-market companies with a wide range of merger and acquisition advisory services and access to capital resources. From project inception to completion, a senior principal advises through every challenge; advocates on a client’s behalf; and leverages CFA's experience and extensive resources. More information is available via the Internet at www.corporatefinanceassociates.com.

Media Contact:
Corporate Finance Associates
Kim Levin
949.305.6710