Italy/USA: Growth Strategy through Acquisition Italmatch Chemicals Acquired Compass Chemical International

Editor: Alexander Stark

With the acquisition of Compass Chemical International from US private equity firm One Rock Capital Partners, Italmatch Group intends to consolidate its presence in the American market.

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Milan/Italy – Compass Chemical International is a North American chemical company active in the production and marketing of phosphonates and additives for water treatment and for the oil & gas market, with an important manufacturing site which will continue to produce Compass’ Mayoquest brand of products after the acquisition.

This is the third acquisition in the water treatment industry by Italmatch since Ardian became the major shareholder in June 2014, and falls into the company’s growth strategy through acquisitions. The Italian company acquired GRS Chemical Technologies, a company active in the production of soluble polymers for water treatments and additives for combustion, in December 2014 and Solvay's desalination, phosphonates and phosphonic acid-based water additives business in January 2016.

Sergio Iorio, CEO of Italmatch Chemicals, has stated: “Thanks to this transaction we will expand our product range for the Water Treatment markets and will noticeably increase our presence in the oil & gas industries. This will be possible also thanks to the presence of Compass in Texas, benefiting from the high reputation of Compass Chemical International along with its excellent track record, its strong customer loyalty, and its exceptional ability to continuously develop new products and applications”.

Yann Chareton, Managing Director of the Mid Cap Buyout team of Ardian, added: “The overseas acquisition of Compass represents a further important step in the strategy of development and in the internationalization of Italmatch, undertaken with Ardian”.

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