March 4 2016, David R Brown
Ravago acquires TH Hilson to expand their chemical distribution business in North America
The TH Hilson Company, a specialty chemical distributor, has announced the sale of the company to Ravago Chemical, a subsidiary of Ravago Holdings America. The business will retain the TH Hilson Company name with Jim Duffy, President of Ravago Holdings America Inc. heading the company supported by Lori Hilson Cioromski as Vice President, daughter of Terry Hilson who founded the company in 1973.
Ravago chose the TH Hilson Company to help them build a 'world-class' chemical distribution business across North America
Lori Hilson Cioromski
Vice President and General Manager of TH Hilson
With a strong background in polymer distribution and manufacturing, Ravago has been expanding its expertise to chemical distribution throughout Europe, the Middle East and Africa and see TH Hilson's as an excellent platform from which it can develop a significant chemical distribution presence in North America.
Both companies have stated that they have engaged in this strategic alliance due to a shared philosophy. Ravago is a privately held, family owned business, and like TH Hilson, has a strong belief in people first.
“In order to remain viable, relevant and to thrive in the chemical distribution space, TH Hilson needs to offer more to the Industry, thus our partnership with Ravago. Ravago chose the TH Hilson Company to help them build a 'world-class' chemical distribution business across North America. It is so exciting to have a partner who embraces our culture and believes in what we can accomplish together,” said Lori Hilson Cioromski, former President/CEO of TH Hilson.
“We looked at a variety of companies to become our North American platform to build on. We focused our efforts on cultural fit and were seeking a leader with the same goals and industry expertise. We wanted all the talent to build upon and leave the company with its tradenames and brand. This is what we found in TH Hilson. The numbers can add up, but if the people don't add up, it won't work”, said Jim Duffy, President and CEO of Ravago Americas.
TH Hilson is headquartered in the Chicago area and supplies specialty chemicals and expertise to the CASE (coatings, adhesives & sealants, elastomers), life sciences (food, personal care, pharmaceuticals), lubricants and plastics industries.
About the Ravago Group
Ravago is a privately owned multinational company founded in 1961 which provides distribution, resale, compounding and recycling services for plastic and elastomeric raw materials through a broad network of 200 regional sales offices and production locations. The company is headquartered in Arendonk, Belgium and Orlando Florida. Total Group sales amount to around EUR 6.0 billion and the group employs over 5,500 people.
Source(s): TH Hilson Press Release
Further Information
Visit: http://www.thhilson.com