Business Description

Pinova, Inc. is a manufacturer of specialty chemical products derived from pine trees and citrus fruit peels. Located in Brunswick, GA, in the heart of the pine forests of the southeastern U.S., Pinova produces rosin and terpene based resins that are used in a wide range of specialty applications around the world, including food and beverage, adhesive, construction and agriculture.

Investment Thesis

TorQuest acquired Pinova from Ashland Inc., one of the world's largest chemicals manufacturing and distribution companies, in January 2010. Our decision to invest in Pinova was based on the company's strong past performance, proven track record of developing innovative and industry leading products, unparalleled customer service, exceptional management team and diverse customer base that includes many leading international companies. We identified a number of opportunities to both expand the business and increase operational efficiency, and we believe that Pinova, through increased focus, flexibility and investment, is well positioned to thrive and grow as a standalone business.

http://www.pinovasolutions.com

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