Chemoxy

Specialist Manufacturing  •  Yorkshire & North East  •  Growth

Chemoxy is a specialist chemicals manufacturer, based in Teesside.

chemoxy.com

Company
information

Total BGF investment

£10m

Investment date

Feb 2015 - Jun 2017

Head office

Middlesbrough

BGF invested £10m into Chemoxy in February 2015. Our funding supported the company’s growth, which included acquisition of new customers, expansion of technical capabilities and further development of its proprietary product range, most notably ChemoxyCare, an emollient in personal care creams.

During BGF’s investment, Chemoxy saw its turnover grow from £34m to £50m and increased its equity value by 44%. The business was acquired in June 2017 by a trade buyer, Novacap SAS, resulting in strong returns for all shareholders.

"We have found BGF to be an excellent partner: responsive, not over bureaucratic, and its reporting requirements are reasonable. BGF has helped to accelerate our growth and provide more financial confidence in the business."
Ian Stark​, CEO at Chemoxy