Orion Engineered Carbons Holdings, a global producer of the chemical additive carbon black, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering. Carbon black is used to manufacture printing inks, polymers, tires and other mechanical rubber goods. The company was sold to private equity firms Rhone Capital and Triton Advisers in 2011 for over $1.2 billion.
The Frankfurt, Germany-based company, which was founded in 2011 and booked $1.8 billion in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE. Morgan Stanley, Goldman Sachs and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed and no ticker was announced.
