“We are delighted to welcome a new partner that shares our passion for product development and are excited to announce that our fellow shareholder and EVP, Dr. Mark Vincent, will stay on and become the new CEO of the business,” said Mike Klein, president and CEO of DCC. “This investment facilitates the orderly ownership succession and retirement of DCC’s senior shareholder group, who will remain as minority shareholders of the business.”
“With its focus on developing innovative technical color solutions, DCC provides a unique value proposition to its longstanding customers worldwide for the use in high-performance coatings, plastics and inks. Mark and his team have developed a truly exceptional portfolio of unique products to meet and exceed its customers’ most demanding performance specifications and we look forward to providing capital and strategic insight to continue to drive excellence and achieve the company’s growth potential,” said H.I.G. managing director Keval Patel.
With technical sales offices in Americas, Europe and Asia, DCC operates six manufacturing facilities based in Canada, the UK, and the Netherlands providing innovative color solutions to its broad range of valuable customers. DCC and its subsidiaries will continue to operate under their current names and brandnames.
H.I.G. Capital is a leading global private equity investment firm that has been successfully investing in middle market business for more than 20 years. Due to its investment track record in investing over 300 companies, it has US$20 billion capital under management globally investing in the Americas and Europe. With its headquarters in Miami, FL, and with offices based in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the US, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogota and Rio de Janeiro, H.I.G. portfolio companies have been in the aerospace/defense, automotive, chemicals, manufacturing, software/technology, and food and beverage, among others.