Safic-Alcan acquires Rit-Chem
Rit-Chem will become part of the ChemSpec organisation in the USA, the American affiliate of the Safic-Alcan Group. Established in 1972 by Henry Ritell and headquartered in New York, Rit-Chem started initially supplying specialty chemicals to the paint and coatings manufacturers, before diversifying in fields such as rubber, plastic and food/feed.
Now, Rit-Chem is a independent sales agent and distributor of specialty chemicals and additives serving the adhesives & coatings, rubber & plastics, food & beverage, and electroplating industries.
“The acquisition of Rit-chem is a strong step forward for our ambitions in North America, and will complement perfectly ChemSpec’s current activities” stated Yann Lissillour, Head of Mergers and Acquisitions for Safic-Alcan Group.