Seale Advised Reacciones Quimicas on Acquisition of Resin Business
Seale & Associates announced that it acted as the exclusive financial advisor to Reacciones Quimicas S.A. de C.V. (“Reacciones Quimicas”) in its acquisition of the Specialty Resins Business from Huntsman Corporation in the United States.
The acquisition signifies a strategic expansion of manufacturing operations into the U.S. market for Reacciones Quimicas. This initiative is aimed at bolstering the company's capacity to more efficiently serve its client base across the United States. Additionally, the transaction will enable Reacciones Quimicas to enhance its production capacity, broaden its product portfolio, and acquire further technical capabilities and knowledge.
“The acquisition significantly bolsters our U.S. capabilities, enabling us to deliver a more diverse and robust product offering to our clients”, said Patricio Cueva, CEO of Reacciones Quimicas. “This strategic move enhances our growth trajectory and production capacity, directly benefiting our service commitment in the region.”
“Seale & Associates appreciates the opportunity to assist Reacciones Quimicas with this expansion acquisition”, stated Sergio Garcia, Managing Director at Seale & Associates. “This marks the second transaction in a year that Seale & Associates has facilitated for Reacciones Quimicas, further strengthening their position in the industry.”
“We are honored to have guided Reacciones Quimicas through this pivotal acquisition, marking yet another milestone in their ambitious growth journey”, said Alejandro Montemayor, Vice President of Monterrey office for Seale & Associates.
The Specialty Resins Business is located in Harrison City, 25 miles outside of Pittsburgh, Pennsylvania, and serves the coating resin, steel coating, and electrical varnish markets.
About Huntsman Corporation
Huntsman Corporation is a global manufacturer and marketer of chemical products for industrial customers headquartered in the United States. Its business division, Huntsman Advanced Materials, serves 2,000 customers in more than 30 countries and is recognized as a global leader in material solutions in the chemical sector. For more information, please visit www.huntsman.com.
About Reacciones Quimicas
Reacciones Quimicas is a leading company for manufacturing and commercializing synthetic resins in Mexico, with an ample distribution network for its products in the United States of America, Central America, the Caribbean, and South America. For more information, please visit www.reacciones.com.
About Seale & Associates
Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings. For more information, please visit www.sealeassociates.com.
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