French Distribution Group enhances Presence in North America in Performance Chemicals and Life Sciences
Specialty Chemicals distributor Safic-Alcan S.A. (Puteaux (Paris), France) has announced that the group has acquired 100% of the shares of Rit-Chem Co., Inc. (New York, NY – United States), a “boutique chemical distributor” for an undisclosed sum. Rit-Chem will become part of the ChemSpec, Ltd. (Uniontown, OH – United States), the American affiliate of the Safic-Alcan Group.
Established in 1972 by Henry Ritell, Rit-Chem started off by supplying specialty chemicals to Paints & Coatings manufacturers, before diversifying in fields such as Rubber, Plastic and Food/Feed. The company serves customers from a number of “strategically located” warehouses and markets a range of proprietary product brands, Safic-Alcan said in the announcement.
No financial details were disclosed on the transaction.
Source: Safic Alcan press release
HGE / DCG – 30.09.2021