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Mergers & Acquisitions

H.I.G. Capital buys Canada’s Recochem

by Marc S. Reisch
September 14, 2018 | APPEARED IN VOLUME 96, ISSUE 37

 

Private equity firm H.I.G. Capital has acquired the Canadian chemical maker Recochem from another private equity player, Swander Pace Capital, for an undisclosed sum. With annual revenues of $385 million, Recochem manufactures industrial chemicals including naphthalene, dichlorobenzene, and solvents. It also holds licenses to make and distribute household and transportation products, including Liquid-Plumr, STP, and Windex. In August, H.I.G.’s Valtris Specialty Chemicals unit bought Ineos’s chlorotoluenes and additives business.

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