Chase Corporation Announces Completion of NuCera Solutions Acquisition

Chase Corporation (NYSE American: CCF), a leading global manufacturer of protective materials for high-reliability applications across diverse market sectors, completed on September 1, 2022 the previously announced acquisition of NuCera Solutions, (“NuCera” or the “Company”) from SK Capital (a private equity firm headquartered in New York) for $250 million, pending any working capital adjustments and excluding acquisition-related costs.

The purchase was funded by utilizing Chase’s existing revolving credit facility and available cash on hand. Chase expects this acquisition to be accretive to earnings within the first year of ownership, with meaningful long-term synergy opportunities. Chase will be modestly levered (~1.2x pro-forma net leverage) post acquisition and maintains ongoing financial flexibility.

Adam P. Chase, President and Chief Executive Officer of Chase Corporation, commented, “We are pleased to have completed this important strategic acquisition. The acquisition of NuCera is transformational in advancing Chase’s strategic growth priorities. NuCera’s culture and technology-driven growth oriented mindset closely align with those of Chase, and we are excited to welcome the NuCera team to Chase Corporation.”

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