MILWAUKEE (January 31, 2017) – Buckman Laboratories International announced that it has sold a portion of its water treatment business to Triwater Holdings subsidiary Klenzoid Canada, Inc., an industrial water treatment company based in Mississauga, Ontario. As part of the agreement, the affected Buckman sales associates have joined Klenzoid and continue in their current roles. The change of ownership allows Buckman to focus on water treatment and process chemistry for the oil/gas, ethanol, utilities, paper and leather markets, deliver the most value to its customers and remain committed to the long-term sustainability of the company.
Grace Matthews advised Buckman Laboratories International on this transaction. Financial terms were not disclosed.
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 100 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.
About Buckman Laboratories
Buckman is a privately held, global specialty chemical company with headquarters in Memphis, TN, USA. Buckman works proactively and collaboratively with worldwide customers in pulp and paper, leather and industrial water treatment and process chemistry to deliver exceptional service and innovative specialty chemical solutions. Buckman’s goal is to help customers boost productivity, reduce risk, improve product quality and provide a measurable return on investment. Buckman is committed to safeguarding the environment, maintaining safety in the workplace and promoting sustainable development, for its associates, its customers and the communities it serves in more than 90 countries around the world.
About Triwater Holdings
Triwater is a diversified water company based in Rosemont, IL that is focused on improving water use integrity for customers through differentiated products, technologies and services. Triwater is comprised of three divisions: Water Treatment Solutions, Water Filtration Systems and Waterline Renewal Technologies.
About Klenzoid Canada
Klenzoid Canada is an industrial water management company specializing in boiler, cooling water and wastewater treatment programs. Using a data driven approach combined with equipment technologies, Klenzoid solutions reduce water and energy usage and improve plant efficiency. Klenzoid Canada is part of Triwater Holdings Water Treatment Solutions division, along with Nashville Chemical, Eldon Water and Chemco Products.