August 23 2017, David R Brown
Japanese Nagase Group acquires U.S. specialty chemicals distributor, Fitz Chem Corporation
Nagase America, a member of the Tokyo listed Nagase Group, has acquired U.S. Midwest chemicals distributor Fitz Chem. With revenues of over $60 million, Fitz Chem Corporation is a successful specialty chemical distributor focused on the coatings, adhesives, sealants, and elastomer (CASE) markets, as well as the plastics and personal care markets. Fitz Chem, as a wholly owned subsidiary of Nagase America, will continue to conduct business under the 'Fitz Chem' name as Fitz Chem LLC.
It truly is incredibly thrilling to join forces with a company like NagaseRobert Becker
chairman of Fitz Chem
“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 the US market,” says Nagase America's director of sales and marketing Bradley Hilborn.
The 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 United States covering 21 states and over 1,400 customers. Nagase also offers a variety of value-added services, such as a coatings and plastics application labortories. This facility can be utilized by Fitz Chem's suppliers and customers for raw material analysis as well as application and formulation development.
Nagase America is to continue exploring opportunities for growth in the U.S. market, both organic and through acquisitions, to strengthen its position as a national specialty chemical distributor.
About Nagase America
Nagase America is a member of the NAGASE Group (NAGASE), a leader in innovative solutions for the chemicals, plastics, electronics, life sciences and automotive markets. Founded in 1832, NAGASE has over $6.4 billion in annual revenue and over 6,000 employees globally. NAGASE is the leading supplier to these markets in Japan with a broad portfolio of both distributed products and proprietary products manufactured by NAGASE. NAGASE also has a growing presence in China, Southeast Asia, India, the Middle East, and other areas.
Source(s): Fitz Chem Press Release