Ravago Holdings America Inc. has acquired H.B. Chemical Inc. for an undisclosed amount.
Based in Twinsburg, Ohio, H.B. Chemical is a North American distributor for the rubber industry representing the categories of synthetic rubber, accelerators, plasticizers, antioxidants, waxes and other specialty chemicals required by manufacturers of rubber and elastomer products.
"HB represents a unique combination of Ravago's core businesses: polymers and chemicals," Ravago America CEO Jim Duffy said in a statement. "They have built a fantastic business by combining market-leading products with a unique service offering that will fit exceptionally well in RHA's portfolio. We expect that within Ravago Chemicals, H.B. will be able to accelerate their growth and expand their business model."
Ravago said in a news release that H.B. will continued to be led by President Jeff Rand and maintain its office in Twinsburg. The firm stocks more than 600 products in multiple warehouses throughout North America.
"RHA was an excellent fit for H.B.," Rand said in a statement. "Their focus and understanding in both polymers and specialty chemicals coupled with their investment philosophy and family ownership made this feel like a natural home for our business and employees."
Ravago's global operations are based in Arendonk, Belgium, and the U.S. base is in Orlando, Fla. Ravago distributes plastics and specialty chemicals to more than 15,000 active customers across more than 24 countries.