September 21, 2015
Wind Point Enters Agreement To Sell Argotec
Chicago, IL, September 21, 2015 — Wind Point Partners, a Chicago-based private equity investment firm, announced today that it has signed a definitive agreement to sell portfolio company Argotec to Schweitzer-Mauduit International, Inc. (NYSE: SWM).
Wind Point acquired Argotec in May 2013 in partnership with Guy Broadbent. Prior to joining Argotec as CEO, Guy served as CEO of Xcellerex, an early stage bio-manufacturing platform backed by Kleiner Perkins Caufield Byers. Prior to that, Guy was President of the $1.8 billion Laboratory Products Group at ThermoFisher Scientific.
Guy Broadbent commented, “Over the past two years we created significant value at Argotec by launching new products, pursuing sales in new markets including medical films and graphic films, and significantly expanding our footprint geographically. Wind Point has been an involved and supportive partner throughout.”
“We have had a great partnership with Guy and the whole Argotec team during our ownership."
-Paul Peterson, Managing Director
Paul Peterson, a managing director at Wind Point, stated, “We have had a great partnership with Guy and the whole Argotec team during our ownership. They have done an excellent job enhancing Argotec’s product capabilities and expanding into diverse markets.”
Reed Smith LLP acted as legal advisor to Wind Point. Pepper Hamilton LLP acted as legal counsel for Argotec.