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Safic-Alcan Acquires Rit-Chem

Friday, October 8, 2021

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Last week, global specialty chemical distributor Safic-Alcan announced that it had acquired boutique chemical distributor Rit-Chem Co., Inc. Rit-Chem will become part of the American affiliate of the Safic-Alcan Group, Chemspec.

Reported to be a key market leader, Rit-Chem specializes in the performance and life science sectors in the United States. The company also reportedly has a heavy focus on the North American market, with sales expanding globally.

“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.

Safic-Alcan

Last week, global specialty chemical distributor Safic-Alcan announced that it had acquired boutique chemical distributor Rit-Chem Co., Inc. Rit-Chem will become part of the American affiliate of the Safic-Alcan Group, Chemspec.

According to the press release, Rit-Chem successfully promotes its own branded product lines, in line with the "Safic-Alcan modus operandi."

Rit-Chem was established in 1972 by Henry Ritell, supplying specialty chemicals to paint and coating manufacturers. The company has since diversified into the rubber, plastic and food/feed fields.

“The Ritells' 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 ChemSpec President and CEO Dave Moreland.

   

Tagged categories: Acquisitions; Asia Pacific; Business management; Business matters; Business operations; EMEA (Europe, Middle East and Africa); Latin America; Mergers; North America; Program/Project Management; Rit-Chem; Safic-Alcan; Z-Continents

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