NuSil Technology (“NuSil”) is a leading global formulator, manufacturer, and supplier of silicone compounds for healthcare, aerospace, defense, and other markets. Quad-C partnered with the management team and founder of the Company in a proprietary transaction in 2005 that was identified through our proactive approach to the specialty chemicals industry. Quad-C believed NuSil had the following attractive investment aspects:
With the support of Quad-C, management executed on the value creation plan, which included:
Investing heavily in R&D to expand into new product lines and applications
Expanding into both new applications and geographies through business development
Investing capital to expand manufacturing capacity and capabilities to support growth
Implementing lean manufacturing principles
Upgrading finance and other corporate functions to support growth
NuSil was able to achieve double digit sales and EBITDA growth during our ownership and improve its strong operating profit margins, while investing in capacity and operating efficiencies. Quad-C sold its ownership in NuSil in 2011 to another financial buyer.