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Industrial Machinery & Components

HB Chemical Inc. has been acquired by Ravago Group

The private shareholders of HB Chemical Inc. have sold the company and its affiliates HB Chemical Mexico, S.A. de C.V. and HB Alchemy LLC to Ravago Group.

Headquartered in Twinsburg, Ohio, HB Chemical offers its customers a comprehensive inventory of rubber chemicals from leading manufacturers around the world and maintains an extensive network of more than 50 stocking locations across the United States and Mexico to quickly and effectively serve its customers. HB Chemical will operate as a unit within Ravago Americas and will remain under the leadership of CEO Jeff Rand.

Ravago Group is a global leader in the distribution, resale, compounding and recycling of plastic and elastomeric raw materials. This acquisition will establish a North American foothold in rubber chemical distribution for Ravago. The Group distributes its products to more than 15,000 active customers across more than 24 countries.

Oaklins' team in Cleveland served as the exclusive financial advisor to HB Chemical in this transaction. The team in Belgium introduced the buyer.

Service
M&A sell-side
Parties
“We appreciate the work of the team in Cleveland and their tenacious commitment to advising HB Chemical and its affiliates throughout this important process. Ravago is the ideal partner to help our business take the next step in its history.”

Jeff Rand

CEO, HB Chemical, Inc.

Talk to the deal team

 Kevin J. Mayer

Kevin J. Mayer

Managing Director

Cleveland, United States
Oaklins Citizens Capital Markets
 Ralph M. Della Ratta, Jr.

Ralph M. Della Ratta, Jr.

Managing Partner

Cleveland, United States
Oaklins Citizens Capital Markets
 Jason P. Anderson

Jason P. Anderson

Associate Director

Cleveland, United States
Oaklins Citizens Capital Markets
 Dieter  Simons

Dieter Simons

Associate Director

Brussels, Belgium
Oaklins KBC Securities

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