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Gryphon Sells Washing Systems To Kao

San Francisco-based private equity firm Gryphon Investors has completed the sale of its portfolio company Washing Systems to Kao Corporation. Gryphon initially invested in the company in December 2015. Gryphon's original investment in the Company was a result of its continuing focus on the niche specialty-chemicals sector. During its ownership, Gryphon supported WSI management by increasing the Company's investments in research and development and new product innovation, business development and sales force expansion, industry-leading customer service, and add-on acquisitions.    Bob Grady, Partner at Gryphon and Head of the firm's Industrial Growth Group, said, "The strong collaboration between Gryphon and WSI management helped further build...