CERAC Purchased by Company Executives, Private Equity Fund

Specialty inorganic chemicals manufacturer CERAC Inc. (Milwaukee) has been bought out by its CEO, Dan Verzal; its VP of sales and marketing, Bart Ott; and the Facilitator Capital Fund, a private equity fund. Verzal and Ott will continue to lead the organization, and the Facilitator Capital Fund will support their growth initiatives, increase the scope of the company's products, and ensure the company's long-term strength.

CERAC was established in 1964 to meet the needs of the research and development communities producing smaller quantities of less common, known purity inorganics. The company now offers over 2,000 stock items in quantities from 1 gram to thousands of kilograms. Their product line includes metals, alloys, rare earth compounds, evaporation materials, sputtering targets, ceramic and cermet compounds, and high purity materials.

"With the assistance of the Facilitator Capital Fund, we intend to aggressively grow our core materials business, enhance our strong relationships with customers and expand into new markets," Verzal said.

Facilitator Capital Fund is a $130 million private equity group with offices in Madison and Milwaukee, WI, focusing on equity investments in small- to medium-sized, well-established businesses located in the Midwest.

For more information, call Dan Verzal of CERAC at 414-289-9800, ext. 240.

Edited by Jim Pomager