CPS is a portfolio company of Arsenal Capital Partners.
The terms of the acquisition were not disclosed.
GEO is a supplier of specialty chemicals and materials to the coatings, adhesives, medical, water treatment and construction markets.
The company operates in three divisions – Paints & Coatings, Water Treatment and Specialty & Construction.
“GEO significantly adds to the scale of CPS and positions us well in a number of growing end markets," said Jeremy Steinfink, president and CEO of CPS. "Our strategy will focus on investing in GEO’s businesses which complement many of CPS’s existing positions in attractive end-markets such as CASE additives, specialty chemicals for pharma and medical uses, nutrition, personal care and a wide range of industrial applications. We see opportunities to expand across the portfolio where we can leverage our chemical expertise and continue to be a reliable commercial partner.”
GEO CEO Ken Ghazey will join the Board of Directors of CPS.