Home » “Mill Rock Capital Ventures into Advanced Materials with Acquisition of Asbury Carbons Inc.”

“Mill Rock Capital Ventures into Advanced Materials with Acquisition of Asbury Carbons Inc.”

"Mill Rock Capital Ventures into Advanced Materials with Acquisition of Asbury Carbons Inc."
“Mill Rock Capital Ventures into Advanced Materials with Acquisition of Asbury Carbons Inc.”

Mill Rock Capital Ventures into Advanced Materials with Acquisition of Asbury Carbons Inc.

Introduction

Mill Rock Capital, a private investment firm based in New York, announced that it has acquired Asbury Carbons Inc., a leading supplier of carbon and graphite products. With this acquisition, Mill Rock Capital enters the advanced materials industry, a sector that is seeing significant growth and innovation in recent years.

The Deal

Asbury Carbons, headquartered in Asbury, NJ, has been in business for over 125 years and has established itself as a prominent player in the carbon and graphite market. The company produces a wide range of products, including graphite electrodes, refractory materials, lubricants, and specialty carbons, serving various industries such as steel, aluminum, automotive, and energy.

According to sources, Mill Rock Capital paid around $210 million to acquire Asbury Carbons from the company’s management team and private equity firm, ICM Products. The deal was finalized in September 2021, and Asbury Carbons now operates as a subsidiary of Mill Rock Capital.

Mill Rock Capital’s Entry into the Advanced Materials Market

By acquiring Asbury Carbons, Mill Rock Capital ventures into the advanced materials market, an industry that is rapidly growing and evolving in terms of technology, innovation, and sustainability. The advanced materials sector encompasses a wide range of products, including composites, ceramics, alloys, polymers, and nanomaterials, that have applications in various industries such as aerospace, defense, electronics, biomedical, and energy.

In recent years, the advanced materials market has seen significant investment and development due to the increasing demand for high-performance materials that offer superior properties such as strength, durability, conductivity, and resistance. With this acquisition, Mill Rock Capital aims to capitalize on the opportunities presented by the advanced materials sector and support the growth and innovation of Asbury Carbons in the market.

The Future of Asbury Carbons

As a subsidiary of Mill Rock Capital, Asbury Carbons is expected to continue its operations in the carbon and graphite market, serving its existing customers and expanding its product portfolio. The company has a strong reputation in the industry, and its expertise and capabilities in carbon and graphite manufacturing align with Mill Rock Capital’s investment strategy of supporting companies with high growth potential.

Moreover, Asbury Carbons can leverage the resources, expertise, and network of Mill Rock Capital to explore new markets, develop new products, and enhance its competitive advantage. The investment firm’s experience in the industrial sector and its focus on sustainability, innovation, and operational excellence can also help Asbury Carbons to achieve its long-term goals and objectives.

Conclusion

Mill Rock Capital’s acquisition of Asbury Carbons marks the private investment firm’s entry into the advanced materials market, a sector that is seeing significant growth and innovation in recent years. Asbury Carbons’ expertise and capabilities in carbon and graphite manufacturing align with Mill Rock Capital’s investment strategy of supporting companies with high growth potential. With this acquisition, Asbury Carbons is expected to continue its operations in the carbon and graphite market, while leveraging the resources and expertise of Mill Rock Capital to explore new opportunities and achieve long-term growth.

#MillRockCapital #AsburyCarbons #AdvancedMaterials #CarbonAndGraphite #PrivateInvestment #Sustainability #Innovation #IndustrialSector #HighGrowthPotential

Summary:
Mill Rock Capital, a private investment firm, has acquired Asbury Carbons, a leading supplier of carbon and graphite products, for around $210 million. The acquisition marks Mill Rock Capital’s entry into the advanced materials market, a sector that is seeing significant growth and innovation. Asbury Carbons will continue its operations in the carbon and graphite market, while leveraging the resources and expertise of Mill Rock Capital to explore new opportunities and achieve long-term growth. #BUSINESS