Tag Archives: Paints & Coatings

DKSH announces the Acquisition of Right Base Chemicals in China

Further Expansion of the Performance Materials Business Unit

Speciality chemicals  distributor DKSH AG (Zurich, Switzerland) has announced the acquisition of a majority share in specialty chemicals distributor Shanghai Right Base Chemicals Co. Ltd. [“RBC”] (Shanghai, China) from majority shareholder and General Manager Windy Wang and her co-investors for an undisclosed sum. The initial transaction involves the transfer of a 70% stake, with the remaining shares to be bought in five years.


Founded in 1994, RBC and its 60 employees cover the Eastern, Central, and South-Western regions of the Chinese market. The company primarily distributes Additives, Resins, and Colorants for Paints & Coating and Inks. With net sales of approx. EUR 23 mn (ca. CHF 25 mn at 1.00 CHF = 7.00 CNY) RBC has what DKSH describes as a “sound profitability and return on capital”. The investment is expected to be immediately earnings-accretive.


Closing of the transaction is expected for Q4-2021.  It is subject to certain customary closing conditions, DKSH said in the announcement. No further financial details were disclosed on the transaction.


Source: DKSH press release


HGE / DCG – 03.11.2021

IMPAG acquires FALCONE Specialties

Swiss Chemical Distribution Industry sees further Consolidation

Swiss chemical raw materials and ingredients distributor IMPAG AG (Zurich, Switzerland) has acquired compatriot FALCONE Specialties AG (Regensdorf (Zurich), Switzerland) for an undisclosed sum from shareholders Sebastiano Falcone and Roman Widmer, effective 20. October 2021.


The company, which was founded in 2010 and serves a number of industries such as Paints & Coatings, Rubber, Food & Beverages and Nutrition, will continue to trade under its current name within IMPAG’s network of companies in Switzerland, Germany, France, Poland and Austria. FALCONE’s Managing Partner Roman Widmer will relinquish his current role effective end of 2021, and subsequently assume new responsibilties within IMPAG Group, the announcement said.


No financial details were disclosed on the transaction.


Source: IMPAG press release, FALCONE market communication, DistriConsult analysis


HGE – DCG / 29.10.2021

Safic-Alcan acquires Rit-Chem in the U.S.

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

U.S. Distributor Akrochem Corp. acquires Bech Chem, LLC

Rubber Additives and Compounding Materials Distributor diversifies further into Paints & Coatings and Lubricants

Rubber Additives and Compounding Materials distributor Akrochem Corp. (Akron, OH – United States) has announced that the company has earlier this month acquired Bech Chem, LLC (The Woodlands (Houston), TX – United States), a distributor of additives and ingredients, particularly for the Paints & Coating and the Lubricants industry.

No financial details or other terms were disclosed on this transaction.

Source: Akrochem press release

HGE / DCG 29.07.2021

IMCD acquires Andes Chemical Corp with Activities in Central America and Peru

Miami-based Distributor will further enhance IMCD’s Footprint in Latin America and Caribbean

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Andes Chemical Corp. [“Andes Chemical”] (Doral (Miami), FL – United States), a distributor covering Central American and Caribbean countries as well as Colombia and Peru, in a move expanding its presence in Latin America and throughout the Caribbean.


Established in 1986, Andes Chemical today serves the Coatings, Adhesives, Sealants & Elastomers (“CASE”), Construction, Cosmetics, Personal Pare, Plastics, Pharmaceuticals, and HI&I industries from distribution centers in Costa Rica, Republica Dominica and Peru. In 2020 the company generated revenues of USD 46 mn, IMCD said in the announcement. The acquisition adds 43 employees to the IMCD Americas team. An innovation laboratory for CASE, located in the Miami area, provides product and formulation development support.


No financial details were disclosed on this transaction.


Source: IMCD Press Release, Andes Chemical Corp website


HGE – DCG / 19.05.2021

Maroon Group acquires the Raw Materials and Specialty Chemicals Distribution Business of The Cary Company

U.S. Subsidiary of Netherlands-based Life Science Ingredients Distributor expands Business

Maroon Group LLC (Akron, OH – United States), the U.S. subsidiary of life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) last week announced that it has acquired the raw materials and specialty chemicals distribution business of packaging and constainers supplier The Cary Company (Addison (Chicago), IL – United States) for an undisclosed sum. The business acts as a specialty distributor in the Paint & Coatings, Adhesives and Plastics markets. According to the announcement, the transaction represents an ideal fit with Barentz’ strategy to support customers and principals / suppliers through industry-focused sales and technical teams with a dedicated sector coverage.


The management team, led by Brian Ehlert, will continue to actively manage the business on a day-to-day basis. It will remain located in the Chicago, IL area. Warehousing and logistical services for the business will continue to be provided by The Cary Company.


No financial details were provided on this transaction.


Source: Barentz press release, The Cary Company website


HGE – DCG / 12.03.2021

U.S. Distributor JNS-SmithChem buys CheMarCo

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

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.

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

OQEMA announces the Acquisition of Chemark ApS in Denmark

German Distribution Group adds new Location in Scandinavia

Chemicals distributor OQEMA AG (Mönchengladbach, Germany)  has announced the acquisition of Chemark ApS (Tureby, Denmark) for an undisclosed sum. The company mostly distributes Solvents for the Paints & Coatings, Pharmaceuticals, Surfactants and Cleaning Industries (Home Care and I & I) and achieves a turnover of ca. EUR 40 mn.


Anders Englund and Peter Nielsen, who have been managing the company for the last 12 years, will continue to lead the business under the new ownership, OQEMA said in the statement.


No financial details were disclosed on the transaction.


Source: OQEMA press release


HGE – DCG / 03.02.2020

DKSH acquires Dutch Distributor Dols International B.V.

Performance Materials BU enhances European Footprint for Speciality Chemicals into Paints & Coatings

Speciality chemicals  distributor DKSH AG (Zurich, Switzerland) has announced the acquisition of Dols International B.V.  (Roermond, The Netherlands). The company, which was founded in 1989, has a turnover just shy of EUR 10 mn. DKSH says the acquisition will be immediately earnings accretive, due to its “sound profitability.” The current management team the employees will join DKSH’s Business Unit Performance Materials.

The product portfolio of Dols International includes Pigments, Binders and Additives for use in Paints & Coatings, Adhesives, Plastics and Construction applications. The company represents a number of international producers and serves more than 200 customers . It also formulates products in an in-house laboratory, which will convert to a DKSH Innovation Center, expanding the network to 40 centers worlswide, DKSH said.

No financial details were disclosed on the transcation.

Source: DKSH press release

HGE / DCG – 27.05.2019