With this acquisition, Chemres expects to grow its activities at the West Unity site
Benvic announces that it has completed the acquisition of West Unity, OH-based Trinity Specialty Compounding from Ravago Americas, via Benvic's U.S. division Chemres, further strengthening its presence in the U.S. market.
Trinity is a custom compounder specializing in the compounding of flame-retardant, cross-linked and specialty additive compounds for a variety of industries including wire & cable, appliances, and construction.
This acquisition is another major milestone for Benvic, a leading supplier of highly innovative thermoplastic solutions, and fits the group's strategy of building a customer-driven business for custom compounding services with international reach.
With this acquisition, Chemres expects to grow its activities at the West Unity site, and strengthen the relationship with Ravago and its portfolio companies. Trinity's customers will now benefit from all of Benvic's compounding capabilities, both in the U.S. and in Europe, while Trinity's expertise in flame retardants, color matching, and polymer additive technologies will strengthen Benvic's technological expertise and broaden the group's product portfolio.
Luc Mertens, CEO of Benvic Group, said "We are thrilled that Trinity is joining the Benvic Group. This acquisition is part of Benvic's ambition to accelerate its development in the U.S.A., initiated in 2021 with the acquisition of Chemres. With Chemres, we were able to enter the US market and strengthen our exposure to the medical sector. With Trinity, we are adding unique assets to our portfolio, helping us to better serve the needs of our international customers and forge new partnerships."
Paul Keimig, CEO of Chemres, said "I am delighted by the acquisition of Trinity, a best-in-class specialty compounder that we have known and have worked with for a long time. I am convinced that Benvic and Chemres teams will provide Trinity with the required expertise and resources needed for its future development, especially in terms of industrial and commercial capabilities. This transaction will also benefit Trinity's clients and employees, who will be joining a major player in the compounding industry. We are also enthusiastically seeking to add more strategic compounding acquisitions in the near future."
James Duffy, CEO of Ravago Holdings America, said "Many of our portfolio companies, including Ravago Manufacturing, have long-standing relationships with Chemres. We feel Chemres and Benvic have a strong understanding of the operations at the West Unity site, a well-established relationship with the site team, and we believe they will be a strong contributor to the long-term growth of the operations and team at the site. We look forward to growing our relationship with Chemres and Benvic Group."
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