Specialty chemicals provider Chase Corp. (NYSE:CCF) is looking at a potential sale at a time when shares of the company have surged nearly 54.4% over the past 52 weeks, according to the Wall Street Journal.
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The company has already roped in financial advisors and is seeing interest from private equity as well as names in the industry. One of the suitors includes Pritzker Private Capital but the exact size of its bid is still not known.
Chase caters to multiple industries including automotive and construction via its adhesives, sealants, and additives business verticals. Now, factors including rising infrastructure spending, massive investments in energy assets, and sales of consumer devices are expected to provide a further boost to its business as well.
At $123.08 per share, the stock is currently trading at a price-to-earnings multiple of 28.5 and a price-to-sales ratio of 12.41.
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