Ravago Holdings America has kept its acquisition spree going into 2017 by purchasing specialty chemicals distributor TMC Materials Inc. of Worcester, Mass.
“With this acquisition … we establish a strong position on the entire East Coast … by providing resources to build a world class North American specialty distributor network,” RHA President and CEO Jim Duffy said in a Feb. 1 news release.
Plastics-related materials distributed by TMC include epoxies, polyols, plasticizers, pigments and silicones. The firm was founded by owner Kevin Mulkern in 1999 and now covers 20 states.
“This is an amazing opportunity for TMC to transition into the next logical step in its growth curve,” Mulkern said in the release. “Becoming part of the Ravago vision offers our suppliers, customers and employees a great opportunity to continue to grow and succeed beyond the 18 years of success to date.”
TMC will continue to operate under its own name. Orlando, Fla.-based RHA made the deal through its Ravago Chemical Distribution unit.
The acquisition is RHA's first of 2017 after making six in 2016. Most recently, in December the firm acquired Pacific Coast Chemicals of San Francisco. Plastics-related products distributed by PCC include pigments, light stabilizers, titanium dioxide, polyurethane dispersions and silicones.
RHA is part of Ravago Group, a global materials giant based in Luxembourg. The firm employs more than 5,000 worldwide, distributing almost 9 billion pounds of resins and compounds to 40,000 customers.