Ardian-owned Italmatch Chemicals Group has acquired Compass Chemical International LLC, a Georgia and Texas-based maker of organophosphonates, polymers and other specialty additives/services for water treatment and oil and gas applications. The seller was One Rock Capital Partners LLC. No financial terms were disclosed.
ITALMATCH CHEMICALS GROUP acquires from an affiliate of One Rock Capital Partners, LLC 100% of Compass Chemical International, LLC, a leading North American company in the production and marketing of organophosphonates, polymers and other specialty additives/services for water treatment and oil & gas applications.
Thanks to this acquisition, Italmatch Group consolidates its presence in the Americas markets, operating through its own highly flexible manufacturing plant.
With this transaction, Italmatch Group also further strengthens its position in the Industrial Water & Process Water Treatment markets in which it operates under the leading global DequestR brand originally developed by Monsanto chemical company. Thanks to this acquisition, “Dequest is back in the USA.”
Italmatch Chemicals, a leading global chemicals group specializing in the manufacturing and marketing of performance additives for lubricants, water & process treatment, and oil and plastics, has acquired 100% of Compass Chemical International, LLC, a leading North American company in the production and marketing of organophosphonates, polymers and other specialty additives/services for water treatment and oil & gas applications.
The acquisition, completed through the subsidiary Italmatch USA Corporation, will enable Italmatch to operate in the Americas markets through its own manufacturing facility which will produce the leading global DequestR product line, while continuing to produce Compass’ Mayoquest brand of products.
This transaction is consistent with Italmatch Chemicals Group’s growth strategy to further strengthen the company’s position as a leading global supplier of Specialty Water Management Additives and associated services.
It follows the acquisitions of GRS Chemical Technologies in December 2014, a centre of excellence specializing in the production of Low / High MW polymers and additives for heavy fuel oils, and more recently of Solvay’s Desalination and Phosphonates /Phosphonic acid-based water additives business.
“The acquisition of Compass Chemical International, LLC” – said Sergio Iorio, CEO of Italmatch Chemicals – “strengthens our presence in the Americas markets in a strategic market segment, where we plan to keep investing in order to consolidate our position among the leading global players.”
“Thanks to this transaction” – concluded Iorio – “we will also expand our product range for the water treatment markets and will noticeably increase our presence in the oil & gas industries. This will be possible due to the presence of Compass in Texas, benefiting from the reputation of Compass Chemical International with its excellent track record, its strong customer loyalty, and its exceptional ability to develop new products for a wide range of applications.”
Founded in 1999, Compass Chemical International, LLC is present in the United States through a production facility located in Smyrna, GA and a blending and warehouse facility located in Huntsville, TX dedicated mainly to serving the oil & gas industry.
Italmatch Chemicals is a leading innovative chemicals group, specializing in performance additives for lubricants, water & oil treatment, and plastics, and offers a wide range of specialty chemicals able to fulfil the requirements of the most demanding applications, including personal care.
The Group generates 340 million euros in revenues and operates through six manufacturing plants in Europe (Italy, Spain, Germany and UK) and four in Asia Pacific (China and Japan), and has sales/distribution subsidiaries in Belgium, Poland, Japan, Singapore, India, China and the USA. The company has a global presence and over 500 employees. Compass is the first Italmatch manufacturing site in the USA.
Ardian, the largest European independent private investment company, acquired the majority of Italmatch Chemicals together with the management in July 2014, and is committed to supporting the company’s growth.
For further information, please visit http://www.italmatch.it/