Breaking News

DeWolf Completes Acquisition of Tempo Canada

May 4, 2012

Builds business with Canadian specialty chemical distributor.

DeWolf Chemical, Inc. and Glenn Corporation completed the acquisition and operational integration of Canadian specialty chemical distributor Tempo Canada Inc.
With the completion of this acquisition The DeWolf Companies (DeWolf Chemical, Inc. – Glenn Corporation – Tempo Canada) now offer a single channel to the personal care, color cosmetics and HI&I markets throughout North America, according to the company. This extension of its already substantial market reach and depth will permit the organization to capitalize on the significant growth opportunities that exist within the Canadian beauty care and HI&I sectors.
Tempo Canada will retain its respected brand and identity developed over 28 years of business. The company will continue to operate as an autonomous business entity with its own sales, supply chain and customer service teams strategically focused on the Canadian marketplace. Operations will continue from existing offices and facilities headquartered in Oakville, Ontario (within the Greater Toronto Area), and regional office in Montreal, Quebec. This model is consistent with the operational approach taken by DeWolf Chemical and Glenn Corporation today.
This acquisition will strengthen Tempo’s position and offering in the Canadian marketplace by leveraging on DeWolf’s and Glenn’s market model, infrastructural efficiencies, enterprise business systems and operational best practices.
“I would like to welcome the Tempo organization and employees to the DeWolf family,” said Hank DeWolf, president and CEO, The DeWolf Companies.“We are extremely excited about the opportunities created for the combined organization through this strategic acquisition. Having achieved our corporate objective of becoming a North American leader in our marketplace, we look forward to continuing our track record of consistent and sustainable revenue growth experienced over the past 10 years."


More info:
www.dewolfchem.com
www.glenncorp.com or
www.tempo.ca
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