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Amber Chemicals acquired by ICM with support from Crowe Clark Whitehill
May 28, 2014

Amber Chemicals, a specialty UK silicones chemical group with operating subsidiaries in the US, Italy, the UK and China has been acquired by US-based ICM Products, Inc. (ICM). The acquisition was supported by audit, tax and advisory firm Crowe Clark Whitehill which provided financial due diligence and tax advisory services to its client ICM, a Century Park Capital Partners Portfolio Company.

The Crowe Clark Whitehill transaction support team provided due diligence support and was led by Peter Varley, Laurence Field, Mitesh Patelia, James Jupp, and the Crowe Horwath International member firms in the US, Italy, Hong Kong and China.

David Smith, CEO of ICM, said, “The combination of ICM and Amber Chemical with its five operating subsidiaries will greatly expand the breadth of new products and services that ICM offers to the marketplace. We could not be more excited about the potential for this partnership.” Tom Gawlik, CFO of ICM, added, “With this transaction, ICM will have a stronger international footprint and will be able to add significantly more value to its customers.”

Peter Varley, partner at Crowe Clark Whitehill said:
“ICM’s acquisition of Amber will enable the company to further build on its strong presence in key markets. We’re pleased to have supported this exciting transaction and are looking forward to supporting ICM in the next stage of its development.”

Guy Zaczepinski, Partner with Century Park Capital Partners said: “Broadening ICM’s customer and product base into attractive new markets has been a key focus of our growth strategy since we made our original investment. Combining ICM with Amber Chemical could not provide a better fit - and we will continue to search for further strategic acquisitions across the specialty silicone space, in both elastomers and emulsions.”