Mexico City — Materials distributor Nexeo Solutions has made an international deal for the second time in two months, this time acquiring Mexican PU distribution firm Ultra Chem for an undisclosed price.
The 17-year-old firm also distributes polyurethanes for flexible foam products, as well as a range of specialty chemicals and plastics-related products including polycarbonate, ABS and SAN resins, as well as plastic additives such as PVC stabilisers, antioxidants and foaming agents.
Ultra Chem’s principles include: Dow Chemical, BASF, DSM and Lubrizol. In a March 9 news release, officials with Nexeo in The Woodlands, Texas, said that the Ultra Chem acquisition “reflects [Nexeo’s] continued focus and commitment to expand its presence in specialty chemicals.”
“Acquiring Ultra Chem … expands our overall specialty mix and extends our chemical reach into Mexico,” president and ceo David Bradley said in the release. “Ultra Chem is a strong cultural fit with complementary end markets and current margins that are immediately accretive.”
The announcement comes just a few weeks after Nexeo acquired part of the DSM business of German resin distributor K.D. Feddersen Norden. That deal includes resin inventory and accounts of customers who had been buying materials made by DSM — a Dutch materials supplier — from Feddersen in parts of northern Europe.
This story first appeared in Plastics News.