Investment firm Altas Partners (Altas) is to acquire DuBois Chemicals (DuBois), a specialty chemical supplier, from The Jordan Company (TJC). Financial terms of the transaction have not been disclosed.
DuBois is a premier provider of customised and value-added specialty chemicals solutions and services to a global customer base. The Company combines local high-touch technical service, leading R&D capabilities, customised equipment solutions, and deep knowledge of manufacturing processes to deliver reliable, mission-critical, and innovative products to more than 15,000 customers globally across a spectrum of industries and end markets. DuBois’ full suite of solutions and services brings leading, reliable technologies that reduce chemical, water, labour, and energy costs for customers and support their operations to improve quality and efficiency.
“We chose to partner with Altas because their team shares our conviction and excitement regarding the long-term opportunity for DuBois, making the firm an ideal partner as we enter our next phase of growth,” says Jeff Welsh, President and CEO of DuBois. “With Altas’ support, we look forward to continuing the development of the business through both organic growth and continued selective acquisitions. We greatly appreciate the support we’ve received from The Jordan Company, and we thank them for their guidance and partnership.”
“Over its 99-year history, Dubois has built its position as a leading international provider of specialty chemical solutions, through a focus on innovation, quality production, and customer service,” says David Brent, a Partner at Altas. “For Altas, this investment is the culmination of a multi-year effort to identify a world-class platform and team that we can partner with in the specialty chemicals industry. We look forward to supporting Jeff and the DuBois team as they continue to build on the company’s success and leadership in the coming years.”
“We are proud of the growth that DuBois has achieved during our ownership period. DuBois’ tremendous advancements are a testament to Jeff’s strong leadership and the company’s outstanding management team. We expect Altas will be a great next partner for DuBois and look forward to watching the company’s continued success,” said Ian Arons, a Partner at TJC.
The transaction is expected to close in the second half of 2019, subject to customary closing conditions and regulatory approvals.
