TAGS: Sustainability / Natural Adhesives
Bakelite Synthetics has entered into a definitive agreement to purchase and acquire LRBG Chemicals, a Canadian resin manufacturer and developer, with facilities in Longueuil (Montreal) Quebec.
With completion of this acquisition, Bakelite Synthetics adds to its portfolio of products and customers, as well as builds on its growth strategy of sustainably delivering innovative solutions to customers.
Expand Footprint in Canada & the US
LRBG Chemicals manufactures high-quality resins and derivative products that are used in a wide variety of applications serving the building and construction, transportation, industrial and chemical intermediate
markets worldwide. Its plants, knowledge and experience have been developed over the last 80 years and it has a customer-driven research and development focus with strong technical knowledge and
support, closely aligned to Bakelite Synthetics business model.
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This acquisition allows Bakelite to expand its footprint into Canada and to serve the northeastern regions of Canada and the U.S.,” said JP Aucoin, president and chief executive officer of Bakelite Synthetics.
The transaction is expected to close in August, subject to customary regulatory approvals and other closing conditions.
Source: Bakelite Synthetics