Contact Information: Contacts: David Gutierrez Dresner Corporate Services 312.780.7204 dgutierrez@dresnerco.com Timothy Coleman Dresner Partners 312.780.7209 tcoleman@dresnerco.com Keith Koeneman Dresner Partners 312.780.7221 kkoeneman@dresnerco.com
Dresner Partners Advises Remet in Acquisition of Calwax Corporation
| Source: Dresner Partners
CHICAGO, IL--(Marketwire - November 14, 2007) - Dresner Partners, a leading middle-market
investment bank, announced today that it acted as exclusive financial
advisor to Remet Corporation in its acquisition of Calwax Corporation.
Terms of the transaction were not disclosed.
Remet Corporation is a leading manufacturer and distributor of waxes,
binders, refractory grains and other investment casting consumable
products. Remet is also a manufacturer and distributor of denatured
alcohol products to the food flavoring, cosmetics and pharmaceutical
industries. With headquarters and research & development facilities in
Utica, New York and operations in Mesa, Arizona, La Mirada, California and
Rochester, United Kingdom, Remet has long-term relationships with more than
1,000 customers throughout the world.
Calwax is a California-based company that has been manufacturing and
blending specialty waxes for over 40 years. Calwax develops, engineers and
markets contract manufacturing services for custom wax applications in a
number of niche markets that include candle, spa, wine and packaging.
"Calwax Corporation is a strategic acquisition that will add critical mass
to our growing Enhanced Wax Products business," said John Paraszczak,
president of Remet. "The Dresner team was very helpful in recognizing the
opportunity with Calwax and bringing it to completion."
According to Timothy C. Coleman, senior managing director of Dresner
Partners who advised Remet, "The acquisition of Calwax provides Remet with
significant west coast manufacturing capacity as well as access to new end
markets."
"Remet Corporation has been an important client of our firm for five years,
and this acquisition is the latest in a series of strategic and financial
transactions that have further solidified Remet's position as a global
leader in wax applications," said Steven M. Dresner, president of Dresner
Partners. "I would like to thank Tim Coleman for his leadership in our
work with Remet Corporation, along with the support of Keith Koeneman,
Brett Manfrey and Joe Thomas."
About Dresner Partners
Dresner Partners is an NASD-registered, middle-market investment bank based
in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial
advisory services to business owners and managers throughout the United
States, including institutional private placements of debt and equity,
merger & acquisition advisory, and valuation and strategic consulting. Its
affiliate company, Dresner Corporate Services, is a strategic
communications firm specializing in investor and public relations. More
information is available via the Internet at www.dresnerpartners.com.