Ravago Holdings America, Inc. announced its acquisition of H.B. Chemical, Inc. of Twinsburg, OH.
HB is a distributor for the North American rubber industry representing categories of synthetic rubber, accelerators, plasticizers, antioxidants, waxes and other specialty chemicals required by manufacturers of rubber and elastomer products.
The acquisition includes HB’s businesses in the U.S., Canada, and Mexico in addition to their affiliated business in Asia.
HB will become a separate division in RHA’s subsidiary, Ravago Chemical Distribution, Inc. (Ravago Chemicals). The HB business will continue to be led by Jeff Rand, president of HB, and maintain its office in Twinsburg.
"HB represents a unique combination of Ravago's core businesses: polymers and chemicals," said Jim Duffy, CEO of RHA. “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.”
“RHA was an excellent fit for HB. 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,” added Rand.