An affiliate of Cerberus Capital Management will acquire Cyanco Holding from funds managed by Oaktree Capital Management.
Cyanco is a global producer of sodium cyanide, a critical input in the gold and silver mining industry. Terms of the transaction, which is subject to customary conditions to closing, were not disclosed.
For the past three decades, Cyanco has been a trusted partner to the gold and silver mining industry, providing leading technology, best-in-class service, and exceptional safety in the application of sodium cyanide for precious metals mining. The company currently has manufacturing facilities in Nevada and Texas and delivery terminals in Wyoming, Quebec, and Mexico.
“We are pleased to acquire Cyanco, an industry leader with a reputation for safety, reliability, and customer service,” said Dev Kapadia, managing director of Cerberus. “We believe in Cyanco’s proven business model, which has demonstrated positive, sustainable growth due to its long-term customer contracts, strong cash flow, and leading competitive position in the attractive sodium-cyanide market.”
Cass Traub, managing director of Oaktree, added, “This transaction marks the next logical stage in Cyanco’s evolution. After working alongside management for the past nine years, we have every confidence that Cerberus and management will create an even greater Cyanco enterprise.”
