Tag Archives: Construction Chemicals

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

OQEMA invests in Austrian Distributor CB Chemie

February 3, 2021 Guenther Eberhard Leave a comment

German Distribution Group enters into strategic Partnership for Austria

Chemicals distributor OQEMA AG (Mönchengladbach, Germany) has recently acquired a majority share in CB Chemie GmbH (Baumgarten, Austria) for an undisclosed sum.

Established in 2016 by Dr. Christian Braunshier, the company has a focus on Paints & Coatings and Construction Chemicals / Building Materials. The Food sector is supplied with natural ingredients through its subsidiary CB Nutrition GmbH.

No financial details were disclosed on the transaction.

Source: OQEMA post on LinkedIn, CB Chemie press release

HGE – DCG / 03.02.2021

Azelis to invest in Assi Primera Kimika Inc. and Phil-Asiatic Supply & Services Inc.

January 18, 2021 Guenther Eberhard Leave a comment

Private Equity owned Distribution Group further expands Asia-Pacific Coverage and enters Philippines

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it will acquire a majority of the shares of Assi Primera Kimika Inc. [“APKI”] and Phil-Asiatic Supply & Services Inc. [“PSSI”] (Alabang, Muntinlupa, Metro Manila – Philippines), two distributors of specialty chemicals. No financial details were disclosed on the transaction, which is expected to close during the next three months.

APKI and PSSI, which were established in 2007 by Mr. Mohd Kassim bin Salleh and the late Ms. Cris S. Aquino, are primarily focused on the Personal Care industry, but are also active in Home Care, Paints & Coatings, Construction Chemicals, Inks and certain industrial chemical markets.

In the annoucement Azelis stressed that “… principals have already expressed interest in building a strong portfolio with us in the country once we enter into this partnership, also in industries other than the ones where APKI and PSSI are currently active.”

Source: Azelis press release

HGE – DCG / 18.01.2021