February 9 2017, David R Brown
Ravago buys US specialty chemical distributor, TMC Materials Inc.
US specialty chemicals distributor, TMC Materials Inc. based in Shrewsbury, MA has been bought by Ravago Holdings America as the Group continues to pursue a buy and build strategy to rapidly establish a leading chemical distribution platform in the USA.
With this acquisition of TMC Materials, we establish a strong position on the entire east coastJim Duffy
President and CEO of Ravago Americas
TMC Materials Inc is a distributor of plastics-related materials including epoxies, polyurethanes, plasticizers, pigments, fillers and silicones. The firm was founded in 1999 by owner Kevin Mulkern and now covers 20 states along the east coast of the United States. TMC Materials will continue to operate under its own name.
Jim Duffy, president and CEO of Ravago Americas, said, “The mission of Ravago Chemical is to have a 'global presence with a local feel'. With this acquisition of TMC Materials, we establish a strong position on the entire east coast as we continue to focus our efforts on cultural fit and industry expertise by providing resources to build a world class North American Specialty Distributor Network.”
Kevin Mulkern, owner of TMC Materials, stated, “This is an amazing opportunity for TMC to transition into the next logical step in its growth curve. Becoming part of the Ravago vision offers our suppliers, customers and employees a great opportunity to continue to grow and succeed beyond the 18 years of success, to date. TMC is very excited about this new chapter for our employees, customers and suppliers, as they continue to serve with integrity, honesty, sincerity and hard work.”
In December 2016 Ravago Chemicals acquired Pacific Coast Chemicals of San Francisco, a distributor of pigments, light stabilizers, titanium dioxide, polyurethane dispersions and silicones to the plastic industry following the acquisition of the TH Hilson Company earlier in the year.
About the Ravago Group
Ravago is a privately owned multinational company founded in 1961 which provides distribution, resale, compounding and recycling services for plastic and elastomeric raw materials through a broad network of 200 regional sales offices and production locations. The company is headquartered in Arendonk, Belgium and Orlando Florida. Total Group sales amount to around EUR 6.0 billion and the Group employs over 5,000 people worldwide, distributing almost 9 billion pounds of resins and compounds to 40,000 customers.
Source(s): Ravago Press Pelease