EverZinc Corporation (“Everzinc” or the “Company”), a global provider of specialty zinc materials including fine zinc powders, zinc oxides, zinc battery materials and Zano®, today announced it has completed a transaction to be acquired by affiliates of Cerberus Capital Management, L.P. (“Cerberus”), a global alternative investment firm. As part of the transaction, affiliates of Cerberus provided a significant capital commitment to further facilitate future growth.
EverZinc delivers high-quality specialty zinc products to a diverse, global customer base, supporting a wide range of essential applications, including corrosion-inhibiting paints, performance tires, pharmaceuticals, ceramics, glass, sunscreen and alkaline batteries, among other products. The transaction will position EverZinc to strengthen its core capabilities, continue investing in innovation and product quality and execute on its long-term strategic initiatives as the leading global producer of specialty zinc products for high-value end markets.
“Today’s announcement marks a meaningful milestone and the start of an exciting new chapter for EverZinc,” said Arnaud de Weert, Chief Executive Officer of EverZinc. “With a world-class investment firm in Cerberus and a strong financial foundation, we are well positioned to enhance our capabilities, invest in our infrastructure and new commercial opportunities and continue being the reliable, innovative partner our customers trust.”
“EverZinc has developed a strong global platform anchored by trusted customer relationships and a longstanding commitment to innovation,” said Joseph Naccarato, Chief Credit Officer and Chief Operating Officer of Cerberus Business Finance. “We share the Company’s conviction around the growth potential as zinc solutions continue to play an increasingly important role in some of the world’s most essential industries. With an established global footprint and strong financial position, EverZinc is well-positioned to meet the opportunities ahead and build on its leading reputation around the world.”
About EverZinc
EverZinc is a global provider of specialty zinc materials including fine zinc powders, zinc oxides, battery zinc powders and Zano®, an ultra-fine zinc oxide. The Company's products are used in a wide variety of applications, including corrosion inhibiting paints, performance tires, pharmaceuticals, ceramics, glass, sunscreen, alkaline batteries, and other products.
With manufacturing operations located in the United States, Belgium, Canada, China, the Netherlands, Norway, and Malaysia, EverZinc leads through its 12 production sites to serve its growing global customer base.
For more information, please visit https://www.everzinc.com/en/
About Cerberus
Founded in 1992, Cerberus is a global alternative investment firm with approximately $70 billion in assets across complementary credit, real estate, and private equity strategies. Cerberus invests across the capital structure where it believes its integrated investment platforms and proprietary operating capabilities can help to improve performance and drive long-term value. Cerberus' tenured teams have experience working collaboratively across asset classes, sectors, and geographies as they seek to achieve strong risk-adjusted returns for investors. For more information, visit www.cerberus.com.
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Contacts
EverZinc
Annie Foley
Global Legal Director
annie.foley@everzinc.com
+1.713.306.0371
Elliott Barker
Chief Financial Officer
elliott.barker@everzinc.com
+ 1.901.355.6123
Cerberus
media@cerberus.com