Swander Pace Capital invests in specialty chemicals producer Recochem

U.S. private equity firm Swander Pace Capital has made an undisclosed investment in Recochem Inc, a producer, formulator, contract packager and wholesale distributor of household chemical products and automotive fluids. The deal is aimed at facilitating further growth of the Montréal-based Recochem and providing financial support for infrastructure and technology enhancements, as well as strategic acquisitions. The investment is Swander Pace’s 10th Canadian acquisition over the last decade. The firm, which has its Canadian office in Toronto, recently closed its fifth fund, SPC Partners V LP, at US$350 million.

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