Graycliff Partners Invests in Diamond Chemical Company
26 July 2024 - 8:00PM
Business Wire
Graycliff Partners is pleased to announce its partnership and
investment in Diamond Chemical Company (“Diamond”), a manufacturer
of cleaning and sanitation chemicals serving hospitality, food
service, commercial laundry, and other end-markets.
Founded in 1930, Diamond has been producing high-quality
industrial and institutional cleaning products for nearly a
century. Headquartered in East Rutherford, NJ, Diamond manufactures
over four million pounds of product weekly and serves over 1,000
customers across the U.S. from facilities on the East and West
coasts. Diamond produces both organic intermediates and finished
products for laundering, housekeeping, warewash, floor care,
sanitizing, and pool care. As a vertically integrated manufacturer,
the company makes its own blow-molded containers for fast-turn
efficiency, continuity of supply, and quality control; its
automated filling lines, on-premises rail siding, fleet of
company-owned trucks, and bulk storage capabilities ensure
reliability for its customers.
Harold Diamond, President and CEO of Diamond, commented, “As a
third-generation family-owned business, it was important to find a
financial partner that understood our history and our vision.
Graycliff’s approach of providing strategic guidance while allowing
us to continue to operate the business and retain our culture
resonated with us. We are excited to leverage their experience to
take Diamond to our next phase of growth.”
“Diamond is a premier player within the cleaning chemicals
market and has built an impressive base of loyal customers,” added
Andrew Trigg, Managing Partner at Graycliff. “We are thrilled to
partner with Harold and his team and be part of Diamond’s
impressive growth trajectory.” Graycliff and management plan to
pursue growth in new and existing markets, complementing Diamond’s
current offering with new products, geographies and end
markets.
About Graycliff Partners LP
Graycliff Partners is an investment firm focused on making lower
middle market investments, typically in manufacturing, business
services and value-added distribution businesses. Through dedicated
equity and credit funds, Graycliff provides capital for
acquisitions, management buyouts, recapitalizations, growth and
expansion. For more information about Graycliff Partners visit
www.graycliffpartners.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240726135746/en/
Caileigh Johnston Graycliff Partners LP
cjohnston@graycliffpartners.com 212-300-2932