Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support MFG Chemical, LLC’s (MFG) acquisition of Gulf Bayport Chemicals LP (GBC). MFG is an existing portfolio company of Platte River Equity.
 
Based in Dalton, Georgia, MFG is a specialty chemical manufacturer of polymers, surfactants and esters used in various applications in the oil field, water treatment, mining, coatings, agricultural and other industrial markets. GBC is a manufacturer of maleic anhydride derivatives and provides a variety of contract manufacturing, warehouse and transportation services for a range of industrial end markets. The addition of GBC brings a world-class chemical facility in an ideal location in the Houston ship channel area.  The site benefits from direct rail access and has an extensive utility infrastructure, providing MFG the opportunity to significantly expand its manufacturing capacity.