TWINSBURG, Ohio—Ravago Holdings America Inc. has acquired H.B. Chemical Inc. for an undisclosed amount.
Based in Twinsburg, 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," RHA 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, HB will be able to accelerate their growth and expand their business model."
Ravago said in a news release that H.B. will continue to be led by President Jeff Rand, and will 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 Chemicals represents specialty chemical and ingredient producers with more than 15,000 active customers across more than 24 countries worldwide.