March 10 2023, David R Brown
Airedale Group continues growth plan with the acquisition of McCann Chemicals
UK-based chemical specialist, Airedale Group, has acquired McCann Chemicals, including its subsidiary companies Hunter Chemicals and McCann Food and Nutrition, as part of its strategy for growth and diversification. The acquisition is the Airdale Group's third acquisition since 2015.
We're excited that McCann Chemicals will be joining Airedale Group as we continue our journey to grow, diversify and cement our position as a leading force in the UK chemical industryChris Chadwick
Managing Director of Airedale Group
McCann Chemicals specialises in the sales, marketing and distribution of chemicals in the UK and overseas, supplying into a wide variety of industries and market sectors. McCann's portfolio of organic and inorganic chemicals complements Airedale Group's existing offerings and supports the Group's plans to strengthen its market position.
“McCann Chemicals holds similar values to us and their focus on excellent customer service reflects our own ethos. They have built a strong reputation for quality products which complements our portfolio perfectly and a history of sourcing commodity and specialty products from suppliers all over the world,” said Chris Chadwick, Managing Director of Airedale Group. “This is a fantastic way to celebrate our 50th anniversary and we're excited that McCann Chemicals will be joining Airedale Group as we continue our journey to grow, diversify and cement our position as a leading force in the UK chemical industry.”
Both businesses will continue to operate independently under the Airedale Group brand and service for all their customers will continue without disruption.
Les Horrobin, McCann Chemicals managing director, added: “This development will provide a great platform for continued organic growth for both companies, introducing access to new assets, infrastructure and capabilities and we're excited to be part of Airedale Group's ambitious plans for the future.”
Translink Corporate Finance, the specialist corporate finance division of BHP LLP acted as lead advisor on the transaction as well as providing due diligence and tax advisory services to Airedale Group.
About Airedale Group
Established in 1973, Airedale Group is a multi-service chemical specialist providing products to an extensive range of market sectors across the UK and Europe. The Group comprises five divisions: Functional, Innovation, Metal surface treatment, Food and beverage and Life science and surfactants. Airedale is a leader in chemical contract manufacturing and can undertake a variety of blends at from one to 120 tonnes for any type of customer. It also operates its own chemical transportation fleet allowing it to provide a flexible chemical distribution service.
Source(s): Airedale Group Press release