Investment date:
1/11/2017
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State:
Exited
Strategy:
Florac North America
Country: United States
United States
Cypress Performance Group (CPG), created by the merger between IPS Corporation and Encapsys LLC, is an industrial group that manufactures and distributes specialty chemical products with recognized expertise in microencapsulation. In March 2017, Florac partnered with Sherman Capital Holdings LLC as part of the acquisition by Encapsys LLC of IPS Corporation in order to accelerate the group's development.
Florac exited its stake in late 2021 in conjunction with the sale of IPS and Encapsys to Centerbridge Partners and Milliken & Co., respectively.
