Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support MFG Chemical’s acquisition of Gulf Bayport Chemicals.
Based in Dalton, GA, MFG is a specialty chemical manufacturer of polymers, surfactants and esters used in various applications in the oil field, water treatment, mining, coatings, agricultural and other industrial markets. It is a portfolio company of Platte River Equity.
Gulf Bayport Chemicals is a manufacturer of maleic anhydride derivatives and provides a variety of contract manufacturing, warehouse and transportation services for a range of industrial end markets. Its chemical facility is located in the Houston ship channel area and benefits from direct rail access, providing MFG the opportunity to significantly expand its manufacturing capacity.
