Spray-Tek, LLC
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Spray-Tek, LLC - overview
Established
1981
Location
-, NJ, US
Primary Industry
Chemicals
About
Spray-Tek, LLC is a specialized manufacturer focused on contract spray drying, microencapsulation technology, and dry blending solutions, primarily serving high-value sectors such as food, pharmaceuticals, and nutraceuticals. Founded in 1981 and headquartered in the US, Spray-Tek, LLC provides innovative spray drying and microencapsulation solutions. CEO Raymond Rambowski leads the company which was acquired by Aurora Capital Partners in December 2021. This acquisition allows for increased drying capacity and expanded service offerings, reflecting a strategic pivot towards enhancing operational capabilities.
Spray-Tek specializes in contract spray drying, microencapsulation technology, agglomeration, and dry blending solutions, addressing the needs of complex and high-value formulations. Their proprietary spray drying process ensures precision in particle size, serving diverse industries like food, pharmaceuticals, and nutraceuticals. The company holds 14 patents focusing on biodegradable microencapsulation methods, with a distribution network across North America. Spray-Tek operates on a B2B revenue model, engaging in long-term partnerships and contracts with various manufacturers.
Their flagship services include proprietary spray drying and advanced microencapsulation solutions, tailored to client-specific needs. Pricing is based on project complexity, underlining their commitment to comprehensive and reliable service delivery. Following its acquisition in December 2021, Spray-Tek aims to enhance its drying capacity and service offerings. The company is looking to expand into new geographic markets, specifically targeting sectors where high-value formulations are prevalent.
Recent funding from the acquisition will support these expansion efforts and facilitate the design and launch of new products, further strengthening their market position.
Current Investors
Aurora Capital Partners
Primary Industry
Chemicals
Sub Industries
Industrial Machinery, Chemicals
Website
www.spray-tek.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Spray-Tek, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | TRuCapSol, LLC | - | ||||||||
| Buyout | Completed | Spray-Tek, LLC | - |
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