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LongRange Capital to Acquire US Synthetic from ChampionX

1. ChampionX divests US Synthetic, a leader in engineered polycrystal products. 2. LongRange Capital acquires US Synthetic, altering CHX's asset focus.

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FAQ

Why Neutral?

The divestiture signals a portfolio adjustment for CHX, similar to past asset sales that resulted in modest short-term price reactions without significant long-term shifts.

How important is it?

While the divestiture is strategically important for CHX and may refine its business focus, the overall price impact is likely moderate based on similar historical transactions.

Why Short Term?

Investors may react immediately to the altered asset mix, though the strategic impact unfolds gradually.

Related Companies

STAMFORD, Conn.--(BUSINESS WIRE)--LongRange Capital (“LongRange”), a private equity firm with a longer-term, customer-centric orientation to building and growing middle market businesses, announced that it has entered into a definitive agreement to acquire all of the equity interests in US Synthetic Corporation (“US Synthetic” or the “Company”) from ChampionX Corporation (“ChampionX”). Founded in 1978 and based in Orem, Utah, US Synthetic is a leading provider of highly engineered polycrystalli.

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