Grace Matthews advises Rheogistics LLC on its sale to The International Group, Inc.

MILWAUKEE (June 16, 2020) – Rheogistics LLC (“Rheogistics”), a leading supplier of lubricant systems to the rigid PVC industry, announced that it has been acquired by The International Group, Inc. (“IGI”), a vertically-integrated manufacturer of custom and performance waxes. The transaction was effective as of June 12, 2020. Financial terms of the transaction were not disclosed.

Headquartered in Picayune, Mississippi, Rheogistics focuses exclusively on the science of rigid PVC processing. Rheogistics’ leading portfolio of proprietary, hydrocarbon wax-based additives and lubricant systems for rigid PVC offers superior performance and consistency for PVC applications including siding, windows, pipe & fittings, conduit and other building products.

Tom Pedersen, majority owner, CEO and Technical Director of Rheogistics, said, “We are very proud of what we have built at Rheogistics and the contributions we have made to the PVC industry. IGI, with its deep experience in the wax industry, will provide Rheogistics with greater resources and will help support continued growth. The partnership with IGI will expand Rheogistics’ operational capabilities to multiple production sites across North America and provide our customers with unmatched reliability and security of supply.”

“Rheogistics’ proprietary manufacturing techniques, leading-edge technologies, and experienced team generated significant interest during the sale process. Grace Matthews worked closely with Tom Pedersen and his team to identify a partner with the capabilities and resources to lead Rheogistics’ next phase of growth,” said Andy Hinz, Managing Director at Grace Matthews. “The entire Rheogistics team deserves recognition for their rapid rise to becoming a leading player in the rigid PVC lubricant additives market. In partnering with IGI, a firm with deep roots as a scaled, vertically integrated manufacturer in the wax market, Rheogistics is well-positioned to continue building on its successful track record,” added Eric Sabelhaus, Vice President at Grace Matthews.

Grace Matthews, Inc. served as the exclusive financial advisor to Rheogistics LLC, and Baker Botts L.L.P. acted as its legal advisor on the transaction.

ABOUT RHEOGISTICS LLC Headquartered in Picayune, Mississippi, Rheogistics was founded in 2000 and has since established a reputation as a leading supplier of innovative lubricants and mechanical stabilizers to the rigid PVC industry. Rheogistics operates a modern manufacturing plant designed around a unique proprietary production process that produces innovative PVC lubricant solutions for its customers in the PVC market. For more information, visit www.rheogistics.com.

ABOUT THE INTERNATIONAL GROUP, INC. Headquartered Toronto, Ontario, The International Group, Inc. is family owned and has been in the wax business for over 75 years. IGI operates a fully integrated supply chain including unique US waxy feedstocks, refining, blending, and terminal facilities. From production, to quality control, to innovation and research, IGI is dedicated to supplying its customers with the right product at the right time, for every application. For more information, visit www.igiwax.com.

ABOUT GRACE MATTHEWS INC. Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition and corporate finance advisory services to private and public companies across the chemical and materials value chain. Grace Matthews is known globally for completing successful chemical industry transactions dating back to the early 1990s. Grace Matthews' principals have completed over 150 transactions involving global corporations such as AkzoNobel, 3M, DuPont, Sherwin-Williams, PPG Industries, Ashland, ICI, Air Products, Landec Corporation, The Home Depot, Hexion Specialty Chemicals, Becker Industrial Coatings, RPM International, Weatherford, BASF, Lubrizol, WR Grace, Axalta, Eastman, and Hempel. For more detailed information on Grace Matthews, visit www.gracematthews.com.

CONTACT:
Andrew Hinz, Managing Director ahinz@gracematthews.com
Eric Sabelhaus, Vice President esabelhaus@gracematthews.com
Sam French, Analyst sfrench@gracematthews.com

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