Safic-Alcan Acquires Rit-Chem

Safic-Alcan, a distributor of specialty chemicals, announced that it has acquired 100% of Rit-Chem Co., Inc. a boutique chemical distributor specializing in the performance and life science sectors in the USA.

Rit-Chem will become part of the Chemspec organization in the USA, the American affili-ate of the Safic-Alcan Group.

Established in 1972 by Henry Ritell and headquartered in New York, Rit-Chem started initially supplying specialty chemicals to the paint and coatings manufacturers, before di-versifying in fields such as rubber, plastic and food/feed.

“The acquisition of Rit-Chem is a strong step forward for our ambitions in North America, and will complement perfectly Chemspec’s current activities,” said Yann Lissillour, head of mergers and acquisitions for Safic-Alcan Group

Rit-Chem represents key market leaders and also successfully promotes its own branded product lines, very much in line with Safic-Alcan. While their focus is the North American market, their sales expand to the four corners of the globe.

“The Ritell’s second generation will remain, ensuring a smooth transition, and the Chemspec family is looking forward to welcome officially Bruce, Gary and Wayne to the team, as well as the other Rit-Chem employees,” Dave Moreland, president and CEO of ChemSpec, said.