Nagase America, a member of the Nagase Group (NAGASE), a leader in innovative solutions for the chemicals, has acquired US-based speciality chemicals distributor Fitz Chem Corporation.
This acquisition advances the strategy of the Nagase Group for growth in the speciality chemicals market in US. It is a step towards implementing Nagase America's vision of becoming a leading national speciality chemical distributor, and activities for integration will start immediately.
Fitz Chem, as a wholly owned subsidiary of Nagase America, will continue to conduct business under the "Fitz Chem" name as Fitz Chem LLC.
Fitz Chem Corporation is a successful speciality chemical distributor, with over $60 million in revenue, focused on the coatings, adhesives, sealants, and elastomer (CASE) markets, as well as the plastics and personal care markets.
This acquisition is expected to bring opportunities for suppliers from both companies to benefit from their combined network. This will build on Nagase's presence in 22 countries with Fitz Chem's strong reach in the Midwest region of US. Nagase also offers a variety of value-added services, such as a coatings and plastics application lab. This lab can be utilized by Fitz Chem's suppliers and customers for raw material analysis as well as application and formulation development.
"This acquisition allows Nagase to combine its technical expertise and existing supplier and customer relationships with those of Fitz Chem, creating opportunities for sustained growth in US market. Both organizations are committed to helping suppliers and customers exceed their goals. Additionally, both Nagase and Fitz Chem share common visions and values, which became a driving force for the acquisition,” said Bradley Hilborn, director of sales & marketing at Nagase America.
Read more: Nagase acquires US chemical distributor Fitz Chem
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