It was recently announced that LeBaronBrown Industries LLC has made an investment as a new, long-term majority stakeholder in Charkit Chemical Company LLC.
According to Charkit, the company's management will still be overseen by president and founder, Charlie Hinnant. It was also announced that the company has changed its legal status from Charkit Chemical Corporation to Charkit Chemical Company LLC.
Hinnant, said, "We're excited about the vision for Charkit's future and thrilled to be partners with LeBaronBrown. The investment in our company recognizes the hard work our management team has put into successfully building Charkit over the last 35 years and also recognizes the tremendous opportunities for growth that lie ahead for us."
Simon Brown and Matthew LeBaron, founders of LeBaronBrown, stated, "Charlie and the team at Charkit have built a superb company over time. We are delighted at the opportunity to partner with Charkit and provide resources to support the ongoing growth of the company. Building on the company's operating excellence, we will be actively seeking complementary acquisitions in the specialty chemical distribution industry."