CHARLOTTE, NC, December 2, 2025 – Kingswood Capital Management, LP (together with its
affiliates, “Kingswood”) is pleased to announce that it has acquired Daramic, a leading
manufacturer and supplier of lead battery separators, from Japanese-based diversified chemical
company Asahi Kasei. As part of the transaction, Chad Schuchmann, current CEO of Polypore,
Asahi Kasei’s microporous membrane and battery separator product division, will assume the
role of Daramic’s CEO.
Founded more than 90 years ago, Daramic is the global leader in high-performance polyethylene
battery separators, mission-critical for automobiles, recreational vehicles, and many types of
heavy machinery. The company has offices, facilities, and Centers of Innovation across North
America, Europe, and Asia, and is dedicated to ensuring fast service, continuity of supply, and
delivering industry-leading expertise in separator technology.
“I’m honored to take on the role of CEO at such a pivotal moment for Daramic and lead the
company into its next chapter of growth, and Kingswood is the right partner to help us get there,”
Chad said. “I’m looking forward to working with the entire Kingswood team as we evolve the
business, continue to deliver for our customers, and remain a trusted leader in lead battery
separator technology for our partners all over the world.”
“We have been impressed with Daramic’s market position and global reach, which make it wellpositioned for growth and long-term value creation for customers, partners, and stakeholders,”
said Andrew Kovach, Managing Director at Kingswood. “We are excited to support Daramic as
it builds on its long-standing track record of innovation and continues to set the standard for
excellence in the battery separator industry.”
“We are proud to welcome Daramic into the Kingswood family,” added Alex Wolf, Founder and
Managing Partner at Kingswood. “Daramic has a legacy of leadership and expertise in
manufacturing battery separators across the world going back nearly 100 years. We look forward
to working with Chad and the team, leveraging our deep operational expertise and global
network to help the company in its next stage of growth.”
This marks Kingswood’s latest complex corporate carveout transaction and further expands the
firm’s experience with globally complex market-leading businesses. In just the last two years,
Kingswood has acquired Kodak Alaris, a global technology company specializing in data
capture, processing, and photo products and services, from the United Kingdom Pension
Protection Fund, and Infotree, a leading provider of international workforce management
solutions, primarily for U.S.-domiciled Fortune 500 companies.
The Daramic investment also strengthens Kingswood’s presence in the automotive aftermarket.
In 2022, Kingswood completed an investment in Turbo Wholesale Tires, an industry-leading
designer, supplier, and wholesaler of proprietary and third-party branded tires.
About Daramic
Daramic LLC was established over 90 years ago. It is a global leader in manufacturing of
polyethylene (PE) and phenolic resin-based separators for automotive, industrial and specialty
applications in the lead battery industry. Daramic paved the way for automation in the lead
battery industry by inventing polyethylene separators in 1969, supplying to all major lead battery
manufacturers. The company has seven strategically located manufacturing facilities in France,
Germany, India, China and Thailand to ensure just-in-time supplies to customers. There are also
three technical centers in the United States, Europe, and India. For more information, visit
www.daramic.com.
About Kingswood Capital Management, LP
Kingswood Capital Management, LP partners with leading companies in the middle market
which stand to benefit from its capital and extensive operating resources. Kingswood embraces
complexity and believes it is well-positioned to support businesses at inflection points in their
development to enhance value. Based in Los Angeles, Kingswood is a cohesive, entrepreneurial
team with a long history of shared success developing “win-win” partnerships with its portfolio
companies and management teams. For more information, please visit the Kingswood website at
www.kingswood-capital.com.
Contact
Shannon Powers
media@kingswood-capital.com