SOURCE: Dresner Partners

November 14, 2007 11:20 ET

Dresner Partners Advises Remet in Acquisition of Calwax Corporation

CHICAGO, IL--(Marketwire - November 14, 2007) - Dresner Partners, a leading middle-market investment bank, announced today that it acted as exclusive financial advisor to Remet Corporation in its acquisition of Calwax Corporation. Terms of the transaction were not disclosed.

Remet Corporation is a leading manufacturer and distributor of waxes, binders, refractory grains and other investment casting consumable products. Remet is also a manufacturer and distributor of denatured alcohol products to the food flavoring, cosmetics and pharmaceutical industries. With headquarters and research & development facilities in Utica, New York and operations in Mesa, Arizona, La Mirada, California and Rochester, United Kingdom, Remet has long-term relationships with more than 1,000 customers throughout the world.

Calwax is a California-based company that has been manufacturing and blending specialty waxes for over 40 years. Calwax develops, engineers and markets contract manufacturing services for custom wax applications in a number of niche markets that include candle, spa, wine and packaging.

"Calwax Corporation is a strategic acquisition that will add critical mass to our growing Enhanced Wax Products business," said John Paraszczak, president of Remet. "The Dresner team was very helpful in recognizing the opportunity with Calwax and bringing it to completion."

According to Timothy C. Coleman, senior managing director of Dresner Partners who advised Remet, "The acquisition of Calwax provides Remet with significant west coast manufacturing capacity as well as access to new end markets."

"Remet Corporation has been an important client of our firm for five years, and this acquisition is the latest in a series of strategic and financial transactions that have further solidified Remet's position as a global leader in wax applications," said Steven M. Dresner, president of Dresner Partners. "I would like to thank Tim Coleman for his leadership in our work with Remet Corporation, along with the support of Keith Koeneman, Brett Manfrey and Joe Thomas."

About Dresner Partners

Dresner Partners is an NASD-registered, middle-market investment bank based in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial advisory services to business owners and managers throughout the United States, including institutional private placements of debt and equity, merger & acquisition advisory, and valuation and strategic consulting. Its affiliate company, Dresner Corporate Services, is a strategic communications firm specializing in investor and public relations. More information is available via the Internet at

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