ChemSpec / Safic-Alcan acquires Rit-Chem

Paris, France – Safic-Alcan, a major distributor of specialty chemicals, announces 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 affiliate 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 diversifying 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” stated Yann Lissillour, Head of Mergers and Acquisitions for Safic-Alcan Group.

Rit-Chem represents key market leaders and also successfully promotes their own branded product lines, very much in line with Safic-Alcan modus operandi. Whilst 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”, commented Dave Moreland, President and CEO of Chemspec.