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H.I.G. Capital closes sale of AMPAC Fine Chemicals

Private equity firm H.I.G. Capital LLC completed the sale of AMPAC Fine Chemicals LLC to SK Holdings Co. Ltd., a South Korean industrial conglomerate.

H.I.G acquired the Rancho Cordova, Calif.-based manufacturer of active pharmaceutical ingredients in February 2014 as part of American Pacific Corp.

AMPAC Fine Chemicals' sister company, AMPAC Specialty Chemicals, was sold to Huntsman Family Investments in December 2015.

"Partnering with a respected global organization like SK Holdings represents a terrific next step for AMPAC Fine Chemicals' customers, partners and employees, and we look forward to the company's continued success," H.I.G Managing Director Fraser Preston said about the transaction.