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
Consolidation of Polymer and Rubber Additives Distributors in U.S. Midwest
Management owned and operated Polymer & Rubber Additives and Masterbatch distributors Harwick Standard Distribution Corp. (Akron, OH – United States), led by President Ernie Pouttu, has announced that the company has recently acquired neighbouring Western Chemical Corp. (Stow, OH – United States), a supplier of additives and industrial intermediates for Adhesives & Sealants, Coatings, Plastics and Rubber applications, from founder Ron Anderson.
Until an integration plan is mapped out and implemented, the two companies will operate in parallel, the announcement said. Ron Andersown will continue to be involved in the business. No financial details or other terms were disclosed on this transaction.
Source: Harwick Standard press release
HGE – DCG / 10.08.2021
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
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. based Distributor exits European Plastics Distribution Activities in Private Equity sponsored Transaction
Global chemicals and ingredients distributor Univar Solutions, Inc. (Downers Grove, IL – United States) will exit its Plastics distribution activities in Europe. Its UK-based subsidiary Distrupol Ltd. (Chertsey, Surrey – United Kingdom) and related companies located in the Benelux and the Nordic regions are going to be acquired by GPD Companies, Inc. (The Woodlands (Houston), TX – United States of America), an affiliate of One Rock Capital Partners, LLC for an undisclosed amount.
GDP Companies is a holding company formed by One Rock Capital Partners with the objective of creating a “leading group of global value added distributors [for Polymers]”. One of its operational entities is Nexeo Plastics, the announcement said. Upon consumation of the transaction, Distrupol will join the group.
Source: GPD Companies press release, DistriConsult analysis
HGE – DCG / 29.01.2021
Paris-based Distributor enhances Business Development Capabilities
Specialty Chemicals distributor Safic-Alcan S.A. (Puteaux (Paris), France) announced that it has named Domenico Lo Corto as Business Development Director for Plastics, effective 07. September 2020.
Lo Corto, who holds degrees in Chemistry from the University of Milano and an MBA from the University of Bologna (Italy), brings with him “30 years of experience in Engineering Plastics and Additives with strong expertise in compounding, transformation and polymerization as well as a good team leader spirit in a cross-cultural environment”, the announcement said. He has held a number senior global leader roles at multinational companies such as Domo, Aquafil EP, Nexeo, Softer, Rhodia, and Great Lakes.
Source: Safic Alcan press release
HGE / DCG – 28.09.2020