One Equity Partners completes acquisition of Sonneborn from Sun Capital

One Equity Partners (“OEP”), the private investment arm of JPMorgan Chase & Co. has acquired the outstanding shares of Sonneborn Holdings, LLC (“Sonneborn”), from Sun Capital Partners (“Sun”). “The transaction is a pivotal point in Sonneborn’s history. With OEP’s significant capital injection, the Company is well positioned for future growth. Meanwhile, we will continue our focus on manufacturing the highest quality products and providing great customer service,” said Bob Muller, Sonneborn’s CEO. Sonneborn is a global leader in the production and distribution of high-purity specialty hydrocarbons such as white oils, waxes, and petrolatums. Its products are used by many companies that produce personal care, cosmetic and pharmaceutical products. Food processing, telecommunications, agricultural, air conditioning and refrigeration companies also use Sonneborn’s products. OEP manages more than US$10.5 billion in investments and commitments for JPMorgan Chase & Co. It creates sustainable value for companies through long-term partnerships. (March 30, 2012)