June 3 2019, David R Brown
Debro acquires Canadian specialty chemical distributor, Tartan Color and Chemical
Debro has announced that it has acquired Tartan Color & Chemical Inc., a Canadian distributor primarily focused on the industrial specialties markets. The transaction makes Debro one of the leading independent distributors in Canada for industrial specialties, food ingredients and home and personal care. Tartan is complementary to Debro in terms of markets served, supplier relationships, product offerings and customers.
It was obvious very early in our discussions that the combined strengths of Debro and Tartan would create tremendous opportunities to grow our Industrial Specialties business
Bill Heise, CEO at Debro Inc.
Debro is acquiring 100% of the shares of Tartan, and the two companies will be amalgamated. Tartan was founded by Robert Houston in 1980, and was joined by his son David in 1989 following his graduation from Indiana University Bloomington with a bachelor’s degree in chemistry. In 2001, David became president of Tartan and under his successful leadership, the company has become one of the best-known industrial specialties distributors in Canada. David has made a long-term commitment to Debro and will be a significant investor of the joint enterprise going forward. His role will be president, industrial specialties.
“We are excited to welcome David and the Tartan team to Debro,” said Debro CEO Bill Heise. “It was obvious very early in our discussions that the combined strengths of Debro and Tartan would create tremendous opportunities to grow our Industrial Specialties business, offer greater value to our supplier partners and provide a broader product portfolio for our customers”.
“I’m thrilled to be joining the Debro team and am confident that this transaction will provide an exciting opportunity for Tartan’s employees, suppliers and customers,’” David Houston added. “I believe that this merger provides a perfect fit for Tartan and provides an excellent platform for further growth.”
“I welcome David to Debro as a business partner and am excited that he is bringing his leadership to our combined Industrial Specialties business,” Brian Imrie, chairman of Debro, said. “I look forward to working with him through Debro’s 100th anniversary in 2020 and for many years to come.”
The combined business will have revenues of around USD 30 million.
About Debro
Established in 1920, Debro is one of Canada’s oldest privately owned chemical distribution companies. For almost a century, we have built our success on delivering integrity, personalized customer service, and valued partnerships with our principals. Headquartered in Brampton, Ontario, our services are nationwide with warehousing partners in Vancouver, Calgary, Edmonton, and Montreal.
Source(s): Debro Press Release
Further Information
Visit: http://www.debro.com