Case Study: Puritan Products

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  • Located in Bethlehem, PA
  • Leading manufacturer  and distributor of high-purity chemicals and custom-blended formulations used in pharmaceutical, biotechnology, microelectronic and laboratory markets
  • Owned by founder Lou DiRenzo
  • EdgePoint and Lou were exploring the potential to grow through acquisition and determined that growth and success might be achieved more efficiently through a recapitalization

EdgePoint’s Solution

EdgePoint’s experience in previous chemical industry transactions and prior experience with the buyer’s operating person allowed them to identify a partner that possessed the financial and operational resources to pursue strategic acquisitions that enhanced Puritan’s growth without placing uncomfortable credit risk on the Company.
 

EdgePoint achieved the owner’s objectives:

  • Lou preferred a like-minded partner that would assist him in capitalizing on Puritan’s outstanding growth potential at a pace that was achievable for him and his team.
  • Lou continued managing the business in a manner that enabled him and his team to have a meaningful impact on the future financial success of the business.
Lou DiRenzo
President
Puritan Products

EdgePoint introduced the idea of partnering with a company to provide resources for acquisitions and brought expertise in managing that process. It has been two years since the partnership officially began and we are working towards securing growth acquisitions in addition to operating the business day to day.

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