SK Capital Closes Acquisition of the Fire Safety and Oil Additives Businesses from Israel Chemicals Ltd. and Changes Name to Perimeter Solutions

NEW YORK–(BUSINESS WIRE)–SK Capital, a private investment firm focused on the chemicals,
specialty materials, and pharmaceuticals sectors, completed its
previously announced acquisition of the Fire Safety and Oil Additives
businesses of Israel Chemicals Ltd. (“ICL”). The businesses have been
renamed Perimeter Solutions (“Perimeter” or the “Company”) and will be
headquartered in St. Louis, Missouri.

Edward Goldberg, CEO of Perimeter, stated, “We are excited to partner
with SK Capital, a firm which uniquely understands our business and
industry. We look forward to continuing our tradition of being a trusted
and reliable partner to our customers and communities we serve, while
further investing in Perimeter to accelerate our growth in new
geographies and channels to market.”

Aaron Davenport, a Managing Director of SK Capital, added, “Perimeter is
an industry leader with an uncompromising commitment to the highest
quality, safety, and reliability standards. The transition from a
non-core business within a public company to a standalone organization
will enable a renewed emphasis on investment and growth. We look forward
to growing and developing the Company alongside management in the years
to come.”

The Valence Group, Rothschild & Co. and HSBC Securities (USA) Inc. acted
as M&A advisors to SK Capital; Kirkland & Ellis LLP acted as legal
advisor. Debt financing was arranged by Barclays, Goldman Sachs USA, and
HSBC Securities (USA) Inc.

About SK Capital

SK Capital is a private investment firm with a disciplined focus on the
specialty materials, chemicals and pharmaceuticals sectors. The firm
seeks to build strong and growing businesses that create substantial
long-term economic value. SK Capital utilizes its industry, operating
and investment experience to identify opportunities to transform
businesses into higher performing organizations with improved strategic
positioning, growth and profitability as well as lower operating risk.
SK Capital’s portfolio of businesses generates revenues of approximately
$6 billion annually, employs more than 8,800 people globally and
operates more than 71 plants in 26 countries. The firm currently has
approximately $2.2 billion of assets under management. For more
information, please visit www.skcapitalpartners.com.

About Perimeter Solutions

Perimeter, headquartered in St. Louis, Missouri, has global operations
and is a market leader in each of its segments. The Fire Safety business
is a formulator and manufacturer of fire management chemicals. The Oil
Additives business provides high quality phosphorus pentasulfide used in
the preparation of ZDDP-based lubricant additives, in critical engine
anti-wear solutions that lead to prolonged combustion engine function,
as well as in pesticide and mining chemicals applications. For more
information, please visit the Company’s website at www.perimeter-solutions.com.

Contacts

BackBay Communications
Philip Nunes, 617-391-0792
[email protected]