Italmatch Chemicals Group (Genova, Italy; www.italmatch.it) today announced that it has acquired (from an affiliate of One Rock Capital Partners LLC) 100% of Compass Chemical International LLC (Smyrna, Ga.; www.compasschemical.com), a leading North American company in the production and marketing of organophosphonates, polymers and other specialty additives/services for water treatment and oil & gas applications.
The acquisition, completed through the subsidiary Italmatch USA Corporation, will enable Italmatch to operate in the Americas markets through its own manufacturing facility which will produce the leading global DequestR product line, while continuing to produce Compass’ Mayoquest brand of products.
This transaction is consistent with Italmatch Chemicals Group’s growth strategy to further strengthen the company’s position as a leading global supplier of specialty water management additives and associated services. It follows the acquisitions of GRS Chemical Technologies in December 2014, a center of excellence specializing in the production of low-/ high-MW polymers
and additives for heavy fuel oils, and more recently of Solvay’s desalination and phosphonates / phosphonic acid-based water additives business.