Nagase America Acquires Fitz Chem
August 28, 2017
Nagase America has purchased specialty chemicals distributor Fitz Chem Corporation. The Illinois-based Fitz Chem will be a wholly owned subsidiary of Nagase America, and will continue to conduct business as Fitz Chem LLC.
According to Nagase, the acquisition advances the strategy of Japan-based NAGASE Group for growth in the specialty chemicals market in the United States. With reported revenue of over $60 million, Fitz Chem is focused on the coatings, adhesives, sealants, and elastomer (CASE) markets, as well as the plastics and personal care markets. NAGASE Group is a supplier to these markets in Japan, with a portfolio of distributed products and proprietary products it manufactures.
“The acquisition allows NAGASE to combine its technical expertise and existing supplier and customer relationships with those of Fitz Chem, creating opportunities for sustained growth in the U.S. market,” said Bradley Hilborn, director of sales & marketing at Nagase America.
“Continuity was extremely important to our Fitz Chem management team, added Robert Becker, chairman of Fitz Chem. “We wanted a long-term partner that focused on providing growth opportunities for our employees, one that would not create any conflicts for our suppliers, and lastly one that would provide additional resources to assist our customers in growing their businesses. In teaming with NAGASE, we strongly believe we will be able to achieve these objectives.”