Wynnchurch Capital LLC has acquired from Clyde Bergemann Power Group its pulp and paper business and certain regional industrial segments operating as Clyde Industries. The company is headquartered in Atlanta, with additional manufacturing facilities in Brazil and offices in Colombia, Canada, Finland and Indonesia.
Clyde Industries is a provider of highly engineered boiler efficiency/cleaning systems, spare parts and services for the global pulp & paper industry and is a leader in providing equipment and aftermarket part solutions for industrial applications in North America, South America, Scandinavia and Indonesia.
“As a global leader of highly engineered, industrial applications, Clyde Industries is a strong fit with Wynnchurch’s investment strategy,” Wynnchurch Managing Partner Frank Hayes said in a statement. “This acquisition also demonstrates the constructive way Wynnchurch works with corporate parents to quickly and efficiently carve-out certain operations. We are delighted to partner with Dominick and his team to further support their growth initiatives.”
Wynnchurch Capital is actively investing from its $1.3 billion Fund IV.
In September, Wynnchurch acquired Eastern Metal Supply, a leading value-added distributor of aluminum extrusions and related products.