MFG Chemical changes hands

Windjammer Capital has acquired MFG Chemical from its fellow private equity firm, Platte River Equity, on undisclosed terms. Based in Chattanooga, Tennessee, MFG develops custom chemicals for multiple end markets, notably water treatment and industrial coatings.

“Windjammer’s investment will support MFG’s continued growth through investments in operational excellence, product development to expand its portfolio and end-market reach, and strategic acquisitions,” the company said.