Century Park Capital Partners Announces Sale of ICM Silicones Group

LOS ANGELES–(BUSINESS WIRE)–Century Park Capital Partners is pleased to announce that it has
completed the sale of ICM Silicones Group (“ICM” or the “Company”), to
the CHT Group (“CHT”), a German-based specialty chemicals conglomerate.

ICM is a leading independent formulator and manufacturer of specialty
silicone materials offering one of the market’s broadest portfolios of
customized silicone products. ICM’s product catalog includes over 800
proprietary formulations spanning emulsions, elastomers, antifoams, gels
and gums. The Company serves over 2,000 customers across the automotive,
cosmetics, electronics, food processing, industrial, personal care and
thermal management end markets. ICM is headquartered in Cassopolis, MI
and has additional manufacturing operations across the U.S., Europe and
Southeast Asia.

Century Park acquired majority control of ICM Products in 2012 after
partnering with its founder, Ken Charboneau, who had founded the company
in 1989. Shortly after Century Park’s purchase, ICM completed the
acquisition of Path Silicones. Soon thereafter, in 2014, ICM acquired
the Amber Chemical Company, allowing ICM to transform itself into a
global provider of silicone emulsions and elastomers. The Amber
transaction added Quantum Silicones (Richmond, VA), Siovation (Atlanta,
GA), ACC Silicones (UK), Treco (Milan, Italy) and Amber Silicones
(Tianjin, China) to the ICM family. Subsequent to this transaction, the
company was renamed ICM Silicones Group and Levi Cottington became its
CEO. Under Century Park’s ownership, ICM’s revenues and earnings
increased approximately threefold.

Martin Sarafa, Managing Partner with Century Park Capital Partners,
commented, “ICM has grown into a truly global silicones player that can
meet the formulation needs of the industry’s most demanding end
customers. We are proud to have helped build one of the largest
independent silicone specialty chemical formulators in the world.”

Guy Zaczepinski, Managing Partner with Century Park Capital Partners,
added, “Levi Cottington and his management team did an outstanding job
in growing this platform, and we could not be more excited for ICM’s
next chapter. CHT is an ideal home for ICM and we believe that the
Company will flourish with its new ownership group.”

Levi Cottington, CEO of ICM, commented, “Century Park has been an
invaluable partner for ICM. Their support of large investments in new
labs, people and R&D resources, as well as add-on acquisitions, allowed
ICM to become the global leader it is today. I am truly excited for the
company’s future with CHT.”

KeyBanc served as financial advisor to ICM Silicones Group in this
transaction.

About ICM Silicones Group:

ICM is a leading independent formulator and manufacturer of specialty
silicone materials offering one of the market’s broadest portfolios of
customized silicone products. ICM’s product catalog includes over 800
proprietary formulations spanning emulsions, elastomers, antifoams, gels
and gums. The Company serves over 2,000 customers across the automotive,
cosmetics, electronics, food processing, industrial, personal care and
thermal management end markets. ICM focuses on providing a collaborative
technical sales approach which allows it to deliver a high volume of
customized, premium-quality silicone products to its customers. The
Company boasts industry-leading product development capabilities and
distributes its products globally. The Company is headquartered in
Cassopolis, MI and has additional manufacturing operations in Richmond,
VA; Bridgwater, UK; Milan, Italy and Tianjin, China.

About Century Park Capital Partners:

Century Park Capital Partners is a Los Angeles-based private equity firm
that invests in family businesses and owner-operated companies with the
purpose of accelerating their growth and building leading companies
within their industries. We specialize in acquiring strategically
well-positioned yet under-resourced middle market companies with
identifiable potential for value creation through the addition of
critical resources. Our Executive Council industry partners and
Operating Team work side by side with us to support our investments with
proven industry insight, strategic initiatives, buy-and-build
acquisition programs, process improvement plans and infrastructure
additions. For more information on Century Park Capital Partners, please
visit www.centuryparkcapital.com.

Contacts

Century Park Capital Partners
Matt Minnaugh
Director of
Business Development
(310) 867-2216
[email protected]
or
Martin
Sarafa
Managing Partner
(310) 867-2220
[email protected]