Charkit Chemical Company LLC ("Charkit" or the "Company") announced today that LeBaronBrown Industries LLC ("LeBaronBrown") has made an investment as a new, long-term majority shareholder in Charkit. Charkit's management team, led by its President and Founder Charlie Hinnant, will continue to manage the business.
Terms of the transaction were not disclosed. As part of the agreement, the Company has changed its legal status from Charkit Chemical Corporation to Charkit Chemical Company LLC.