Elementis Tint-Ayd line of colorant products

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Elementis Tint-Ayd line of colorant products - overview

Location

East Windsor, CT-Connecticut, US

Primary Industry

Chemicals

About

Elementis Tint-Ayd specializes in high-value colorant products that enhance the performance of various formulations across multiple industries, providing innovative solutions for manufacturers worldwide. Elementis Tint-Ayd offers specialty colorant products for various applications. The company operates from East Windsor, US, and has undergone a strategic acquisition, being acquired by Chromaflo, which is a portfolio company of Arsenal Capital Partners and Evonik Industries’ global colorants business in December 2012. The CEO is Paul Waterman.


Elementis specializes in high-value specialty additives designed to enhance the performance of various products across multiple industries. Their core offerings include rheological modifiers, surface modifiers, and formulation ingredients, which are crucial in markets such as personal care, construction, industrial coatings, and plastics. These additives improve the texture, stability, and application properties of end products, addressing challenges like viscosity control in personal care formulations and adhesion in construction materials. The company's products are utilized by a diverse client base that includes manufacturers in North America, Europe, and Asia-Pacific, among other regions.


Elementis aims to provide sustainable solutions that not only meet industry demands but also contribute positively to environmental outcomes, ensuring that their innovations serve a broad spectrum of end users. Elementis generates revenue through a structured approach focused on B2B transactions, primarily selling its specialty additives to manufacturers and formulators across various industries. This involves direct sales agreements and long-term partnerships, where clients purchase products tailored to their specific application needs. The company may utilize tiered pricing based on volume commitments and product specifications, facilitating a scalable pricing model that aligns with customer requirements.


Key products, including the trademarked BENTONE® ULTIMATE Series for personal care applications, are central to their revenue stream, driving sales through established distribution channels. While specific financial data is unavailable, the transactional structure supports ongoing business relationships that enhance both product adoption and customer loyalty. Elementis Tint-Ayd plans to leverage its recent acquisition by Chromaflo to enhance its product offerings and expand into new markets. The company is looking to develop new colorant products designed for the personal care and industrial sectors, with anticipated launches in late 2023 and early 2024.


Plans for geographic expansion include targeting markets in Europe and Asia-Pacific, aiming for significant penetration by 2025. The strategic acquisition in December 2012 is expected to support these initiatives by providing additional resources and distribution channels.


Current Investors

Evonik Industries' global colourants business, Chromaflo Technologies Corporation

Primary Industry

Chemicals

Sub Industries

Commodity Chemicals

Website

www.elementis.com

Company Stage

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Total Amount Raised

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Elementis Tint-Ayd line of colorant products - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
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