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
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