Audax Private Equity and Moelis Capital Partners Announce the Sale of Quest Specialty Chemicals’ Automotive and Industrial Businesses

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BOSTON--(BUSINESS WIRE)--Audax Private Equity (“Audax”) and Moelis Capital Partners (“MCP”) have completed the sale of Quest Automotive Products (“QAP”) and Quest Industrial Products (“QIP”), divisions of Quest Specialty Chemicals, Inc. (“Quest”) to The Valspar Corporation (“Valspar”; NYSE:VAL), headquartered in Minneapolis, Minnesota. Quest continues to own Quest Construction Products (QCP), a leading formulator of specialty construction coatings and protective pavement systems. QAP manufactur

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