American Securities, together with members of the management team, acquired MECS in January 2008 and was in partnership with the MECS management for the past three years.
MECS is a provider of process technology, proprietary specialty equipment, and technical services to the sulfuric acid industry. MECS has operations in Brazil, China, India, and parts of Africa.
Paul Rossetti a managing director of American Securities said American Securities worked together with MECS to further build and enhance MECS’ strength in areas such as overseas markets, technology solutions, and innovation, and in doing so American Securities earned very strong returns for the investors and management partners.
MECS CEO Nick Bhambri said during the three years with American Securities, MECS embarked on a mission to accelerate sound and sustainable growth in the sulfuric acid industry.
The terms of the transaction were not disclosed.
