Barnard/Montague Provides Strategic and Financial Advisory for Dura Chemicals, Inc.
Dura Chemicals, Inc., based in Emeryville, CA, is a leading supplier of high-quality metal organics and essential additives worldwide.
Transaction: Strategic and financial advisory
Description: Founded in 1994, DURA has grown to become the second largest supplier of drier additives in the U.S. with a worldwide customer network. The Company offers metal organics used as additives and catalysts serving the requirements of Coatings (paint and graphic arts), Polyester, Polyurethane, Lube, Adhesives and Sealant and Petrochemical industries. The Company manufactures and distributes additives which are essential for DURA’s customers to create their final product.
DURA engaged Barnard/Montague to explore strategic alternatives to determine the best strategy to implement the Company’s growth plan and vision. After considering Barnard/Montague’s review of the Company, analysis of the market and the investor appetite for such an opportunity, the Company has decided to seek equity capital for both recapitalization and growth purposes and has engaged Barnard/Montague to execute that strategy.
