Citadel Plastics (West Chicago, IL), the owner and operator of Bulk Molding Compounds Inc. (BMCI) and The Matrixx Group Inc. has been acquired by middle-market private equity firm, Huntsman Gay Global Capital. Terms of the transaction were not disclosed, but Huntsman Gay did state in a release that Citadel's current management team will continue to lead the company and retain an ownership stake in the business.
BMCI is a supplier of thermoset compounds, including bulk molding compounds, that is also based in West Chicago, IL. The Matrixx Group is a specialty thermoplastic compounder based in Evansville, IN. Globally, Citadel employs more than 600 across 14 locations in seven countries. It was previously owned by Wind Point Partners. The two operating companies serve the automotive, health care, electrical, appliance, and construction markets.