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June 08, 2016 02:00 AM

Private equity firm set to buy Elemica

Rubber & Plastics News Report
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    SAN FRANCISCO—Thoma Bravo L.L.C has entered into a definitive agreement to acquire Elemica, a supply chain operating network for process industries.

    The two firms said the deal will expand the capabilities of Elemica's supply chain solutions. Financial details were not disclosed.

    “As a testament to the performance and promise of Elemica's business, the board is excited to announce Thoma Bravo's stewardship of the company,” said Robert Blackburn, chairman of Elemica's board and president of BASF Group. “The time was right to find a buyer with a proven track record of successfully investing in distinctive software and technology companies and helping them grow faster.”

    The Wayne-Pa.-based Elemica is a worldwide leader in supply chain solutions and is known for its strong business network and associated applications for process manufacturers. Besides BASF, other customers include Arkema, Continental A.G., Goodyear, Michelin and Dow Chemical Co.

    “The goal remains to grow Elemica's business network into a multi-trillion-dollar commerce engine annually,” said Elemica CEO John Blyzinskyj. Elemica said it currently processes nearly $400 billion in commerce annually on its network.

    Thoma Bravo said Elemica is the “ideal archetype” of what the San Francisco-based private equity firm looks for in an investment. “The company has developed a patented supply chain and logistics network in key verticals such as chemicals, tire and rubber, and other process industries,” said A.J. Rohde, a partner at Thoma Bravo.

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