TJC Completes Acquisition of Delrin®

Delrin® Launches as an Independent Company, Poised for Growth and Innovation

WILMINGTON, Del. – TJC L.P. (“TJC”) has successfully completed the acquisition of Delrin®, a global homopolymer business. Today marks the launch of Delrin® as an independent company, with a strong focus on partnering with customers to address their toughest technical challenges. With TJC's ownership, Delrin is well-positioned for growth, continued innovation, and investment in technology and capabilities.

Under TJC's ownership, Delrin will continue to operate its business as usual, providing stability and consistency to customers and suppliers. The company's long-standing relationships will be maintained, ensuring seamless operations. Delrin has also bolstered its team to drive further growth as a standalone business and has recently announced the appointment of key leaders who will shape the company's future.

Juergen Pongratz, a seasoned professional in technology, marketing, sales, procurement, and business management, will join Delrin as President and CEO. With more than 25 years of experience in the engineered materials space, Juergen brings a deep understanding of the industry. He has previously held leadership roles at Celanese, Avantor, and BASF, and most recently served as President of Biotherapeutics and Pharmaceuticals at ILC Dover. Juergen expressed his excitement about joining Delrin, stating, "It is an iconic brand, and we will drive success for our customers, suppliers, and employees by focusing on our core strength of making the world's leading homopolymer – a product unrivaled in the industry."

Sriram Nadathur, who has 18 years of experience across DuPont, Crane Co., and McKinsey, has been promoted to Senior Vice President and General Manager of Delrin. Sriram's expertise lies in leading global engineered materials businesses, driving organic growth, operational improvement, and orchestrating acquisitions. Having successfully led Delrin through the sale transaction, Sriram expressed enthusiasm for the future of the company under new ownership.

Delrin has also welcomed Dean Meyer as Chief Information Officer. With over 30 years of experience in building and deploying technology-driven solutions, Dean brings valuable expertise to the team. He joins Delrin from Chemours, where he served as Chief Information Officer since 2015, and has held various IT leadership roles at Hexion, Delphi Automotive, and Dow Chemical.

TJC's Partner, Ian Arons, expressed excitement about the partnership with Delrin. He highlighted the focus on building a world-class organization, enhancing customer relationships, improving capabilities, and delivering exemplary customer service.

Delrin, an industry-leading premium industrial polymer business, is known for its strong innovation and unmatched product performance. With a longstanding reputation for quality, reliability, and supply, Delrin is a category creator in the high-end engineering polymer market. The company's deep application expertise positions it as a leader in automation, actuation, healthcare, mobility, and consumer applications.

TJC L.P., formerly known as The Jordan Company, is a middle-market private equity firm with a 41-year track record of investing in and contributing to the growth of various businesses. With original capital commitments exceeding $23 billion, TJC has a wide range of industry expertise in areas such as Diversified Industrials, Technology, Telecom & Power, Logistics & Supply Chain, and Consumer & Healthcare. The senior investment team, with more than 20 years of experience together, is supported by the Operations Management Group, established in 1988 to drive operational improvements in portfolio companies.

For more information on Delrin, please visit www.delrin.com.

About TJC LP

TJC L.P., founded in 1982, is a middle-market private equity firm with a strong track record of investing in businesses across various industries. With offices in New York, Miami, Chicago, and Stamford, TJC has raised funds with original capital commitments exceeding $23 billion. The firm's investment team, supported by the Operations Management Group, has been instrumental in driving growth and operational improvements in portfolio companies.

For more information about TJC LP, please visit www.tjclp.com.

On August 21, 2023, DuPont announced the sale of an 80.1% controlling interest in Delrin® to TJC LP.