September 1, 2015
Swander Pace Capital-Backed Recochem, Inc. Acquires License for H2Blu from Wakefield, Inc.
MONTREAL, QC – Recochem Inc., a Swander Pace Capital portfolio company and a leading Montreal-based manufacturer and distributor of household chemical products and automotive fluids, has acquired the license for the H2Blu brand of diesel exhaust fluid (DEF) from Wakefield Inc. The acquisition is part of Recochem’s long-term strategic growth strategy in the Canadian market, a key initiative that was put in place when the firm was acquired by Swander Pace Capital in May 2014.
“Strategic acquisitions were a cornerstone of our growth plan when we acquired Recochem, and this transaction with Wakefield is the perfect illustration of that,” said Rob DesMarais, managing director at Swander Pace Capital. “We look forward to continuing our work with existing management and pursuing additional strategic acquisitions in the future.”
“As a Canadian company, we’re committed to expanding the capabilities of the Blue Network through investments in DEF infrastructure,” said Rick Boudreaux, CEO of Recochem. “The H2Blu brand of diesel exhaust fluid is vital to the operation of modern diesel-powered equipment, making it a wise acquisition for our company.”
About Swander Pace Capital
Swander Pace Capital is a leading private equity firm specializing in investments in growth-oriented, middle-market consumer companies in North America and the United Kingdom. Since its inception in 1996, Swander Pace Capital has used its expertise in this industry to pursue a consistent strategy of acquiring or investing in consumer products companies with leading market positions in attractive, defensible niches. With staff in San Francisco, New Jersey, and Ontario (Toronto), Swander Pace Capital provides portfolio companies with a unique mix of financial and strategic consulting support to create long-term value. Swander Pace Capital has led successful private equity investments in consumer companies with total revenues in excess of $2.0 billion.
About Recochem Inc.
Recochem is a leading Canadian company with a global reputation for quality products and outstanding customer service. For more than 60 years, the Company has been known for innovation, agility, and socially responsible business practices. Recochem operates consumer and industrial divisions, with operations in the Americas, Australia, Europe, and the Asia-Pacific region. The company’s reputation has earned it vendor appreciation awards and long-standing relationships with its suppliers around the world. For more information, visit www.recochem.com.