Tag Archives: Consolidation

LBB Specialties acquires Connecticut-based Distributor Centerchem

August 10, 2021 Guenther Eberhard Leave a comment

NYC-based Distribution Group makes another Consolidation Move on the East Coast

U.S. chemical distribution investor LeBaronBrown Specialties LLC [“LBB Specialities”] (New York, NY – United States), has recently announced that it has acquired Centerchem, Inc. (Norwalk, CT – United States), a distributor of specialty chemicals for the Personal Care and the Food & Nutrition markets.

No financial details were disclosed on this transaction.

Source: LBB Specialties LLC press release; CCS website

HGE – DCG / 10.08.2021

U.S. Distributor JNS-SmithChem buys CheMarCo

February 8, 2021 Guenther Eberhard Leave a comment

Continued Consolidation in the U.S. Distribution Market

U.S. regional full-line distributor JNS-Smithchem, LLC (Paterson, NJ – United States) recently announced the acquisition of CheMarCo, Inc. (Greenville, SC – United States), a distributor of specialty chemicals with regional activities in the southeastern part of the country. CheMarCo was established in 1981 and besides additives from ca. 30 suppliers also distributes technical equipment.

The combined distribution territory covers 26 states, including the entire east coast, from New England to Florida and west to Ohio, Oklahoma, and Texas. The product lines focus on the Paints, Coatings, Inks, Adhesives, Building Materials, Plastics and Rubber amongst others. In 2019, JNS-Smithchem alone had sales of ca. USD 30 mn.

No financial details were disclosed on the transaction.

Source: JNS-Smithchem website, CheMarCo website

HGE – DCG / 08.02.2021

LBB Specialties acquires Florida-based Distributor Custom Chemical Services

January 18, 2021 Guenther Eberhard Leave a comment

NYC-based Distribution Group further expands Geography covered in another Consolidation Move

U.S. chemical distribution investor LeBaronBrown Specialties LLC [“LBB Specialities”] (New York, NY – United States), has recently announced that it has acquired a majority interest in Custom Chemical Services, Inc. [“CCS”] (Medley (Ft. Lauderdale), FL – United States), a distributor of specialty chemicals, for an undisclosed sum.

CCS was founded as in 2004 by Chad Hicks and Bob Lewis. The company supplies customers in Personal Care, Life Sciences and Food & Nutrition from its head office in Ft. Lauderdale (FL) as well as satellite facilities in Dallas (TX), Savannah (GA) and Kearney (NJ). Chad Hicks will continue to manage the business, the announcement said. No financial details were disclosed on this transactions.

Source: LBB Specialties LLC press release; CCS website

HGE – DCG / 18.01.2021

DKSH acquires Axieo in Australia and New Zealand

December 27, 2019 Guenther Eberhard Leave a comment

Performance Materials BU significantly enhances Asia-Pacific Footprint for Speciality Chemicals

Speciality chemicals distributor DKSH AG (Zurich, Switzerland) has announced the acquisition of diversified specialty chemicals distributor Axieo (Kew (Melbourne) – Victoria, Australia) from management and financial sponsor Champ Private Equity.

Axieo sells products into a variety of industrial applications as well es the Cosmetics, Pharmaceutical, Food & Beverage and Agriculture. It operates two “Innovation Centers” in co-operation with Monash University in Melbourne, one focused on Life Sciences, the other on Industrial Applications. The company, which dates its roots back to 1950, has a turnover of ca. EUR 120 mn (ca. AUD 186 mn). It employs a staff of 120 and serves more than 2’600 customers according to the announcement.

No financial details were disclosed on the transcation, which is expected to close during Q1-2020, subject to certain conditions precedent. DKSH says the acquisition will be immediately earnings accretive. It adds more than 10% to the annual turnover of the Performance Materials BU.

Source: DKSH press release, Axieo website

HGE / DCG – 27.12.2019