Former Solutia Exec Berra to Expand Terrazzo Flooring Company After Sale

By on April 12, 2018

From St. Louis Business Journal:  Paul Berra III, a former executive at specialty chemical maker Solutia and private investment company Quinpario Partners LLC, said he decided last August he was “done with general counsel roles and dealing with publicly traded securities.”

A father of four children, ages 8 to 17, he began to look for a family owned company in the region he “could buy and build to create a potential legacy opportunity for my family,” he said. Berra said he found that when he purchased flooring contractor Missouri Terrazzo Co. from Richard Dreyfus. Berra is the fourth owner in Missouri Terrazzo’s 86-year history. He said Dreyfus will stay on as a consultant for about six months.

Terms of the sale, completed in February and announced this week, weren’t disclosed. Berra declined to disclose how he financed the deal, but said he’s now working with Commerce Bank, BKD and Lewis Rice, where he began his legal career.

Berra said he’d considered companies in a number of industries, including chemicals and manufacturing, and looked to Mike Kendall of Kendall Capital Group as well as insurance and accounting contacts to make connections to family owned businesses interested in making a transition.

Read more.

 

About Dede Hance

Leave a Reply

Your email address will not be published. Required fields are marked *