Mergers & Acquisitions
July 19, 2021
Akrochem Acquires Bech Chem
Akrochem Acquires Bech Chem, Expands Into the Paint and Coatings Industry
Acquisition positions Akrochem for future growth while providing enhanced support levels for Bech Chem customers Press Release – updated: Jul 19, 2021 08:00 EDT 
AKRON, Ohio, July 19, 2021 (Newswire.com) – Akrochem, a leading provider of rubber chemicals and compounding materials, today announced the acquisition of Bech Chem, LLC, a company with more than 25 years of experience in the worldwide chemical supply chain. The transaction is effective immediately, and Akrochem will continue to operate under its current name.
The purchase of Bech Chem, based in Houston, Texas, enables Akrochem to expand into new industries, as well as provide more extensive support services for Bech Chem customers.
“The acquisition of Bech Chem allows us to bring our over 90 years of experience in chemical distribution to new markets, specifically paints, coatings, and lubricants,” said Akrochem President and CEO Jay Silver. “With our experienced, 15-person technical sales staff and over 120 personnel in support roles, we will improve our value to Bech Chem customers while positioning Akrochem for future growth.”
Bech Chem served a number of markets, including paint and coatings, grease and lubricants, plastics, and chemical processing. Bech Chem’s outstanding reputation within the specialty chemical distribution industry was based on the exceptional service the company provided throughout the ordering process, as well as its exemplary technical sales and support. The result was strong relationships with high-quality suppliers throughout the world.
“Becoming part of the Akrochem family allows us to introduce our unique specialty product line to a much larger customer base,” said Bech Chem President Henrik Bech Poulsen. “We believe that we’ll be a perfect complement to Akrochem’s core markets.”
Akrochem’s broad line of rubber compounding products and innovative technical experience contribute to the success of organizations throughout the world. Akrochem works with its customers to optimize cure systems, improve chemical dispersion, and produce better batch uniformity to help companies become more profitable.
About Akrochem
Based in Akron, Ohio, Akrochem serves companies globally in the rubber, plastic, paint, coatings, and lubricant markets. Since the company’s founding in 1929, Akrochem’s goal has been to improve productivity for each of it customers. Akrochem provides a comprehensive assortment of compounding materials and color concentrates—from the basic to the most complex and customized—all supported by the industry’s best technical expertise and service. Akrochem promotes professionalism through its ISO-9001-2015 and National Association of Chemical Distributors (NACD) accreditations. Visit www.akrochem.com for more information.
July 19, 2021
Akrochem Acquires Bech Chem
Akrochem Acquires Bech Chem, Expands Into the Paint and Coatings Industry
Acquisition positions Akrochem for future growth while providing enhanced support levels for Bech Chem customers Press Release – updated: Jul 19, 2021 08:00 EDT
AKRON, Ohio, July 19, 2021 (Newswire.com) – Akrochem, a leading provider of rubber chemicals and compounding materials, today announced the acquisition of Bech Chem, LLC, a company with more than 25 years of experience in the worldwide chemical supply chain. The transaction is effective immediately, and Akrochem will continue to operate under its current name.
The purchase of Bech Chem, based in Houston, Texas, enables Akrochem to expand into new industries, as well as provide more extensive support services for Bech Chem customers.
“The acquisition of Bech Chem allows us to bring our over 90 years of experience in chemical distribution to new markets, specifically paints, coatings, and lubricants,” said Akrochem President and CEO Jay Silver. “With our experienced, 15-person technical sales staff and over 120 personnel in support roles, we will improve our value to Bech Chem customers while positioning Akrochem for future growth.”
Bech Chem served a number of markets, including paint and coatings, grease and lubricants, plastics, and chemical processing. Bech Chem’s outstanding reputation within the specialty chemical distribution industry was based on the exceptional service the company provided throughout the ordering process, as well as its exemplary technical sales and support. The result was strong relationships with high-quality suppliers throughout the world.
“Becoming part of the Akrochem family allows us to introduce our unique specialty product line to a much larger customer base,” said Bech Chem President Henrik Bech Poulsen. “We believe that we’ll be a perfect complement to Akrochem’s core markets.”
Akrochem’s broad line of rubber compounding products and innovative technical experience contribute to the success of organizations throughout the world. Akrochem works with its customers to optimize cure systems, improve chemical dispersion, and produce better batch uniformity to help companies become more profitable.
About Akrochem
Based in Akron, Ohio, Akrochem serves companies globally in the rubber, plastic, paint, coatings, and lubricant markets. Since the company’s founding in 1929, Akrochem’s goal has been to improve productivity for each of it customers. Akrochem provides a comprehensive assortment of compounding materials and color concentrates—from the basic to the most complex and customized—all supported by the industry’s best technical expertise and service. Akrochem promotes professionalism through its ISO-9001-2015 and National Association of Chemical Distributors (NACD) accreditations. Visit www.akrochem.com for more information.
June 28, 2021
RPM Acquires Dudick
RPM Acquires Dudick, Fortifies Performance Coatings Group
Contributor Zacks Equity Research Zacks Published Jun 8, 2021 10:35AM EDT
RPM International Inc.’s RPM subsidiary — Carboline — has acquired Dudick Inc., a high-performance coating, flooring systems and tank linings provider. However, the terms of the transaction have been kept under wraps.
This buyout of Dudick will enable Carboline to fortify its position in the secondary containment linings market with a well-recognized product. This deal will also expand its footprint worldwide.
Dudick, with annual revenues of $10 million, makes high-performance linings and secondary containment coatings. It provides solutions for corrosion resistance and chemical containment systems across a wide range of applications comprising food processing, steel production, chemical processing, pulp and paper, electronics, power as well as biological research labs.
Frank C. Sullivan, RPM chairman and CEO said, “Dudick will be a natural fit in our Performance Coatings Group, bringing with them a strong reputation for high-quality products and excellent service built under the leadership of Tom Dudick.”
Acquisitions to Drive Growth
Acquisitions have been an important part of RPM’s growth strategy. The company increased cash usage for investment activities by $53.8 million to $217.9 million in third-quarter fiscal 2021 from $164.1 million in the prior-year period. This upside was largely attributable to the significant acquisitions made by RPM during the first nine months of fiscal 2021. Notably, the company completed two acquisitions in March, shifting its focus on driving the top line.
The company made three buyouts in fiscal 2020, five in fiscal 2019 and seven in fiscal 2018. Acquisitions added 1.1% to net sales in fiscal 2020 and 1.4% in fiscal 2019. For the first nine months of fiscal 2021, acquisitions contributed 1.6% to sales.
https://www.nasdaq.com/articles/rpm-acquires-dudick-fortifies-performance-coatings-group-2021-06-08
June 28, 2021
RPM Acquires Dudick
RPM Acquires Dudick, Fortifies Performance Coatings Group
Contributor Zacks Equity Research Zacks Published Jun 8, 2021 10:35AM EDT
RPM International Inc.’s RPM subsidiary — Carboline — has acquired Dudick Inc., a high-performance coating, flooring systems and tank linings provider. However, the terms of the transaction have been kept under wraps.
This buyout of Dudick will enable Carboline to fortify its position in the secondary containment linings market with a well-recognized product. This deal will also expand its footprint worldwide.
Dudick, with annual revenues of $10 million, makes high-performance linings and secondary containment coatings. It provides solutions for corrosion resistance and chemical containment systems across a wide range of applications comprising food processing, steel production, chemical processing, pulp and paper, electronics, power as well as biological research labs.
Frank C. Sullivan, RPM chairman and CEO said, “Dudick will be a natural fit in our Performance Coatings Group, bringing with them a strong reputation for high-quality products and excellent service built under the leadership of Tom Dudick.”
Acquisitions to Drive Growth
Acquisitions have been an important part of RPM’s growth strategy. The company increased cash usage for investment activities by $53.8 million to $217.9 million in third-quarter fiscal 2021 from $164.1 million in the prior-year period. This upside was largely attributable to the significant acquisitions made by RPM during the first nine months of fiscal 2021. Notably, the company completed two acquisitions in March, shifting its focus on driving the top line.
The company made three buyouts in fiscal 2020, five in fiscal 2019 and seven in fiscal 2018. Acquisitions added 1.1% to net sales in fiscal 2020 and 1.4% in fiscal 2019. For the first nine months of fiscal 2021, acquisitions contributed 1.6% to sales.
https://www.nasdaq.com/articles/rpm-acquires-dudick-fortifies-performance-coatings-group-2021-06-08
June 21, 2021
Exclusive Negotiations
Indorama is in talks to buy Oxiteno
A purchase of the Brazilian specialty chemical firm would plunge the polyester producer deeper into surfactants
by Alexander H. Tullo
June 18, 2021
Credit: Oxiteno Oxiteno’s new surfactants plant in Pasadena, Texas
The Thai chemical maker Indorama Ventures has entered exclusive negotiations with the Brazilian conglomerate Ultrapar Participações to buy Ultrapar’s specialty chemical business, Oxiteno.
The parties have yet to hammer out a purchase agreement. “Conditions of the transaction, including value, are still under consideration,” Ultra says.
Oxiteno is one of the linchpins of Brazil’s chemical industry. Among its key products are surfactants, solvents, glycols, ethanolamines, fatty alcohols, glycerin, and fatty acids. It earned $70 million in 2020 on $1.0 billion in sales. Its assets are valued at $1.7 billion.
In recent years, the company has been branching out of its home country. Its biggest such move came in 2018, when it started up a $150 million ethoxylation unit in Pasadena, Texas, on the site of a former vitamin E plant. Oxiteno claims to be the world’s second largest producer of ethoxylated chemicals, behind BASF.
Indorama has grown over the past 2 decades into a global giant in polyethylene terephthalate (PET) resins and fibers. Its sales last year were about $10 billion. And as it built its polyester business, the company became involved in surfactants as well, a direction it has embraced as a diversification maneuver.
In 2012, Indorama bought Old World Industries, a producer of ethylene glycol—a PET raw material—in Clear Lake, Texas. That plant also makes ethylene oxide, the raw material needed for ethoxylated surfactants. Indorama subsequently strengthened the business by buying and refurbishing an ethylene plant to back-integrate ethylene oxide production.
In January 2020, Indorama built on this foundation when it completed the purchase of Huntsman’s chemical intermediates and surfactants unit, a competitor to Oxiteno. That $2.1 billion deal gave Indorama plants in Chocolate Bayou, Dayton, and Port Neches, Texas, and in India and Australia.
https://cen.acs.org/business/mergers-&-acquisitions/Indorama-talks-buy-Oxiteno/99/web/2021/06
Everchem Updates Archive 
Sign Up for Email Updates