Investment firm H.I.G. Capital announced recently that its portfolio company, USALCO, has acquired Al Chem Specialties and CalChem.
USALCO is a leading provider of specialty chemicals used primarily in the water and wastewater treatment processes and for the manufacturing of refinery catalysts.
Operating as a unified business under common leadership, AlChem / CalCHEM is a leading manufacturer of high-quality specialty chemicals for municipal water treatment and industrial applications and operates premier manufacturing plants in Mentor, Ohio and Modesto, California. AlChem / CalCHEM was founded in 2004 and has grown significantly under the leadership of Founder and CEO Scott Williams over the past two decades. Mr. Williams will join the USALCO leadership team following the acquisition.
“AlChem / CalCHEM builds our presence in Ohio and establishes a base of operations on the West Coast,” said USALCO CEO Ken Gayer. “The combined business is a leading manufacturer of specialty chemicals used in water and wastewater treatment, refinery catalysts, food production and other industrial applications with the ability to serve customers anywhere in the continental U.S.”
Scott Williams, Founder and CEO of AlChem / CalCHEM, noted the benefit of joining USALCO.
“We see tremendous commercial opportunity in the combined platform given our complementary product set and go-to-market strategy,” he said. “We look forward to partnering with Ken and his team to continue serving our customers and expanding our offering across the United States.”
