Fitz Chem, as a wholly-owned subsidiary of Nagase America, will continue to conduct business under the “Fitz Chem” name as Fitz Chem LLC. With more $60 million in revenue, Fitz Chem is focused on the coatings, adhesives, sealants, and elastomer (CASE) markets, as well as the plastics and personal care markets.
“This acquisition allows NAGASE to combine its technical expertise and existing supplier and customer relationships with those of Fitz Chem, creating opportunities for sustained growth in the U.S. market,” said Bradley Hilborn, director of sales and marketing at Nagase America. “Both organizations are committed to helping suppliers and customers exceed their goals.” Additionally, both NAGASE and Fitz Chem share common visions and values, which became a driving force for the acquisition.
Nagase is the leading supplier to these markets in Japan with a broad portfolio of both distributed products and proprietary products it manufactures. NAGASE also has a growing presence in China, Southeast Asia, India, the Middle East, and other areas.
“Continuity was extremely important to our Fitz Chem management team,” said Robert Becker, chairman of Fitz Chem. “We wanted a long-term partner that focused on providing growth opportunities for our employees, one that would not create any conflicts for our suppliers, and lastly one that would provide additional resources to assist our customers in growing their businesses. In teaming with Nagase, we strongly believe we will be able to achieve these objectives. It truly is incredibly thrilling to join forces with a company like NAGASE and create a win-win-win for our employees, customers and suppliers. Nagase and Fitz Chem’s values and passion to succeed are unequivocally aligned.”