Ravago Holdings America Inc. Buys H.B. Chemical Inc.
ORLANDO, FL – Ravago Holdings America Inc. (RHA), a leader in polymer and chemical distribution, has acquired H.B. Chemical Inc. (HB) of Twinsburg, Ohio. HB is a leading distributor for the North American rubber industry representing categories of synthetic rubber, accelerators, plasticizers, antioxidants, waxes and other specialty chemicals required by manufacturers of rubber and elastomer products. The acquisition includes HB’s businesses in the United States, Canada and Mexico in addition to its affiliated business in Asia. HB will become a separate division in RHA’s subsidiary, Ravago Chemical Distribution Inc. (Ravago Chemicals). Jeff Rand, President of HB, will continue to lead the business. HB will maintain its office in Twinsburg, Ohio.
"HB represents a unique combination of Ravago's core businesses, polymers and chemicals," said Jim Duffy, CEO of RHA. “They have built a fantastic business by combining market-leading products with a unique service offering that will fit exceptionally well in RHA’s portfolio. We expect that within Ravago Chemicals, HB will be able to accelerate their growth and expand their business model.”
“RHA was an excellent fit for HB. Their focus and understanding in both polymers and specialty chemicals coupled with their investment philosophy and family ownership made this feel like a natural home for our business and employees,” said Rand. “I am looking forward to working within Ravago to expand our business and bring additional value to our customers and suppliers."