FRANKFURT, Germany/MANVEL, TX – Specialty chemicals manufacturer the HCS Group announced the acquisition of Shu-Chem Holdings Inc. (Shu-Chem), a family-owned company headquartered in Manvel, TX. The acquisition helps to grow HCS Group’s market presence in the United States and continues its international expansion.
Since its founding in 1983, Shu-Chem has been producing various alcohols and esters that are used by the pharmaceutical and printing industries. Its business model and product portfolio align well the HCS Group.
The integration into the HCS Group also offers benefits for Shu-Chem, as the corporate structure of the HCS Group will allow Shu-Chem to grow and innovate, ensuing the company’s future viability and competitiveness
The HCS Group is a leading manufacturer of high-quality hydrocarbons and specialties. The products are sold globally under the Haltermann Carless and ETS Racing Fuels brands. The HCS Group is a portfolio company of H.I.G. Europe, a subsidiary of the U.S. private-equity company H.I.G. Capital.