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Aristech Acrylics LLC, headquartered in Florence, Ky., announced on April 2, 2008, that it was acquired by SK Capital Partners LP, a New York private equity firm specializing in the specialty chemical industry. According to a release from Aristech, principals of SK Capital have been interested in investing in the company for many years and when Mitsubishi Corporation, Aristech's prior owner, began the sales process, SK Capital was determined to purchase the company.

"We are thrilled with the new energy provided by SK Capital's investment," said David Knowles, president of Aristech Acrylics. "While we remain focused on profitability, which underpins our stability and prosperity for our employees, we now can actively seek out new opportunities to develop the company. The seamless transition of ownership makes our work even more exciting."

SK Capital Partners focuses on investing in businesses they know, which includes niche segments of the specialty chemical sector, such as personal care, building materials, agricultural specialties, electronic chemicals and healthcare specialties. "We actively seek to invest in companies that could benefit from our attention and support," said Barry Siadat, Managing Director of SK Capital. "Aristech Acrylics has been operated by Mitsubishi Corporation as a non-core, stand-alone entity. Under our ownership, we will refocus attention towards building upon Aristech Acrylic's tradition of innovative products and superior technology to delight its customers and create great opportunities for all stakeholders."

Aristech Acrylics is a manufacturer of continuously cast acrylic sheet for hot tub, bath, shower, signage and OEM applications. In addition, the company is a leading supplier of solid surface sheet and includes Avonite Surfaces under the Aristech Acrylics umbrella.