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Nagase America Acquires Specialty Chemicals Distributor Fitz Chem
Aug 24, 2017 (M&A Navigator via COMTEX) -- (C)2017 M2 COMMUNICATIONS http://www.m2.com

24 August 2017 - New York, US-based solutions provider to chemical industry Nagase America has acquired Illinois, US-based specialty chemicals distributor Fitz Chem Corp. to expand reach in the US specialty chemicals market, the company said. Terms of the transaction were not disclosed. This 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 reach in the Midwest region of United States. Fitz Chem, as a wholly owned subsidiary of Nagase America, will continue to conduct business as Fitz Chem LLC. Nagase America is a member of the NAGASE Group (NAGASE), a provider of solutions for the chemicals, plastics, electronics, life sciences and automotive markets. NAGASE encompasses over USD 6.4bn in annual revenue and over 6,000 employees globally. Fitz Chem Corp. is a specialty chemical distributor, providing technical solutions to the CASE, plastics, and personal care markets in the United States. Fitz Chem covers 21 states with 43 employees and over 1,400 customers. Country: USA Sector: Chemicals Target: Fitz Chem Corp Buyer: Nagase America Vendor: Deal size in USD: Type: Corporate Acquisition Financing: Status: Closed Buyer advisor: , , Comment: Terms of the deal were not disclosed


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