Chemoxy operates two sites in Teesside and provides specialised manufacturing services to large blue-chip customers in the chemical and oil & gas industries. The company has developed its own portfolio of low-toxicity solvents, including the Coasol range, used in environmentally friendly paints, industrial coatings and cleaning products. Chemoxy has a turnover of around £50m and employs more than 130 people, including chemical engineers and apprentices. The business was acquired from Dow Chemical in a 2011 MBO led by Chief Executive Ian Stark and Chief Operating Officer Martyn Bainbridge. Management intends to use new funding to invest in capital and plant over the next four years to increase capacity, expand its product and service range and drive growth. The management team plans to grow revenue to in excess of £100m by 2020.

Total raised

$31M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Feb 2015