Safic-Alcan announces that it has acquired 100 percent of Rit-Chem Co., Inc. Rit-Chem will become part of the Chemspec organization in the USA, the American affiliate of the Safic-Alcan Group.
Strategy to Focus on North American Market
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The acquisition of Rit-chem is a strong step forward for our ambitions in North America, and will complement perfectly Chemspec’s current activities,” said Yann Lissillour, head of mergers and acquisitions for Safic-Alcan Group.
Rit-Chem promotes their own branded product lines, very much in line with Safic-Alcan modus operandi. Whilst their focus is the North American market, their sales expand to the four corners of the globe.
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The Ritell’s second generation will remain, ensuring a smooth transition, and the Chemspec family is looking forward to welcome officially Bruce, Gary and Wayne to the team, as well as the other Rit-Chem employees,” said Dave Moreland, president and CEO of ChemSpec.
Safic-Alcan's Complete Product Range
Source: Safic-Alcan