ArrMaz acquires assets of Road Science LLC
Road Science, LLC assets acquired by ArrMaz Custom Chemicals Inc.
August 26, 2011
ArrMaz Custom Chemicals, Inc, a Florida based specialty chemical manufacturer, has completed an asset purchase of Road Science LLC, from funds managed by Ritchie Capital, a Wheaton, Illinois private equity firm.
Road Science is a Tulsa, Oklahoma based technology and marketing company specializing in preservation, maintenance and recycling solutions for the road paving industry. Road Science’s business model is based on the sale and licensing of differentiated asphalt products, application technologies and related services to enable better and longer lasting roads.
ArrMaz Custom Chemicals, Inc. is a chemical producer of a wide variety of process chemicals, which are custom formulated to meet customer specifications. ArrMaz Custom Chemicals is the leading producer of functional additives and process aids to the fertilizer and asphalt industries and is a significant provider of chemical products to the mining industry. ArrMaz Custom Chemicals distributes its products in over 70 countries and production facilities in key locations worldwide. ArrMaz’s AD-here® liquid antistrip additives are the world leader in promoting adhesion and protecting asphalt pavements from moisture damage.
Road Science’s technology and commercialization expertise, combined with ArrMaz’s custom asphalt additives, will create a unique, world class road solutions company. The combined innovation, engineering, materials science, production and delivery capabilities will allow Road Science to provide beginning-to-end customer solutions, ranging from custom designed chemicals, to complete application systems ensuring improved pavement performance and lower life cycle costs.
“This ArrMaz and Road Science integration truly leverages both companies’ strengths, providing the road paving industry with the most comprehensive solution set available today,” said Patrick Lavin, Division President of ArrMaz. “We are excited about this combination and the opportunity it presents to develop and commercialize products that better meet our customer’s needs. “
Going forward, Road Science and ArrMaz’s asphalt business unit will operate under the Road Science name as a division of ArrMaz Custom Chemicals, and will continue to headquarter in Tulsa, OK. ArrMaz Custom Chemicals is owned by Snow Phipps Group, a New York private equity firm that acquires middle market businesses in attractive industries.
