NEW YORK—Nagase America acquired U.S.-based specialty chemicals distributor Fitz Chem Corp. as part of a strategy for growth in the specialty chemicals market in the U.S. Activities for integration will start immediately, according to a company statement.
Fitz Chem, as a wholly owned subsidiary subsidiary of Nagase America, will continue to conduct business under the Fitz Chem name as Fitz Chem L.L.C.
Fitz Chem Corp. has more than $60 million in revenue, and is focused on the coatings, adhesives, sealants and elastomer markets, as well as the plastics and personal care markets. Nagase is a supplier in Japan with a portfolio of both distributed products and proprietary products manufactured by Nagase. It also has a growing presence in China, Southeast Asia, India and the Middle East, as well as others.
The acquisition allows Nagase to combine technical expertise and existing supplier and customer relationships with those of Fitz Chem for growth, said Bradley Hilborn, director of sales and marketing at Nagase America.
Nagase also offers a variety of value-added services, such a coatings and plastics applications lab, which can be utilized by Fitz Chem's suppliers and customers for raw material analysis as well as application and formulation development.