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Company News & Press Releases
Golden Gate acquires ArrMaz || read item
Lakeland, January 8, 2013 - Gold Gate Capital announced that it has completed the acquisition of ArrMaz, a leading provider of process chemicals and functional additives for the fertilizer, industrial minerals and asphalt industries. ArrMaz will remain headquartered in Mulberry, Fla., led by the current management team, who will remain significant investors in the company. Terms of the transaction were not disclosed.
"We were attracted to ArrMaz as an investment due to its unique market leadership position, significant competetive advantages and long term growth potential," said Rajeev Amara, a managing director of Golden Gate Capital. "We are committed to further investing in the Company to expand its global footprint and potentially leveraging its highly specialized knowledge of surfactants into other end markets."
"We are excited to work with Golden Gate Capital to accelerate our growth," said Hank Waters, CEO of ArrMaz. "Golden Gate Captial's investment validates the strength of ArrMaz's value proposition, which is built on world-class products and exceptional customer service delivered by our talented employees. Golden Gate Capital's substantial financial resources and long term outlook will enable ArrMaz to capitalize on an array of opportunities across the globe both organically and through acquisitions."
GE Capital and Ares Capital provided financing to support the transaction. Lazard Middle Market advised ArrMaz. The Valence Group and Kirkland & Ellis advised Golden Gate Capital.
Founded in 1967, ArrMaz is a producer of a wide variety of process chemicals, which are generally custom formulated to meet customer specifications. ArrMaz is the leading producer of functional additives and process aids to the fertilizer and asphalt industries and is a siginificant provider of chemical products to related minerals mining industries. ArrMaz distributes its products in over 70 countries, with production facilities in key locations worldwide.
Golden Gate Capital is a San Fransisco-based private equity investment firm with approximately $12 billion of capital under management. The firm targets investmens where there is a demonstrable opportunity to significantly enhance a company's value. Other notable industrial investments sponsored by Golden Gate Capital include US Silica, EP Minerals and Atrium Windows.
ArrMaz receives "Best Place to Work" Award|| read item
Lakeland, August 23, 2012 – ArrMaz received an award from Polk Works, a non-profit group that recognizes companies committed to maintaining employee-friendly workplaces, improving the quality of life for workers and their families, as well as training and motivating them.
"I think that job seekers need to know about companies that truly care about their well-being and are great places to work for," said Polk Works president and CEO Stacy Campbell-Domineck in an interview.
Read about the event and award ceremony here
Photo: The Ledger
CECA and Road Science Announce Distribution Agreement || read item
TULSA, OK, October 10, 2011 – CECA, a subsidiary of the Arkema Group in France, through its affiliate, Arkema Inc., and Road Science, a division of ArrMaz, Inc., announced today that they have signed a distribution agreement in which Road Science will be the exclusive USA distributor of CECA’s warm mix asphalt additive, CECABASE™ RT.
CECA is a world player in Specialty Chemicals and operates an extensive network of industrial facilities in Europe as well as two research centers dedicated to customer innovation. As a manufacturer of specialty surfactants used as warm mix additives, bitumen emulsifiers, and antistripping agents, CECA holds leading positions in its markets, and offers innovative products to the road construction industry. The CECA team is renowned for its technical support and expertise in road construction technologies.
Road Science, based in Tulsa, Oklahoma, is the leading solution provider to the road paving industry, delivering preservation, maintenance and recycling systems, as well as innovative emulsifiers and other asphalt additives. Road Science also has a world-class laboratory in Tulsa, which further supports its relationships by providing asphalt analysis, formulation support, mix design services, performance testing, and forensics capabilities.
Under terms of the distribution agreement, Road Science will have exclusive sales and marketing rights to CECABASE™RT warm mix asphalt additive and its rapidly expanding market in the U.S. When the additive is mixed with asphalt, the application temperature on the road surface can be reduced by about 40°C (72°F) without affecting the performance of the material. Compared to the typical paving process, the use of this additive reduces energy consumption by 20-40 percent, and reduces dust emissions considerably.
“Road Science provides CECA with a reliable partner for expanding the marketing of our patented warm mix additives into the U.S.,” said Francois Guillemet, Managing Director of CECA’s specialty surfactants. “We believe there is a strong future in this emerging technology, and the combination of the two companies’ resources will provide the greatest impact for the customers we serve.”
“Coupling CECA’s innovative technologies with our nationwide marketing resources provides a compelling value proposition for our customers”, said Road Science Division President Patrick Lavin.” With more than 10 percent of all United States asphalt mixes now produced at reduced temperatures, we are very excited at the opportunity to expand the market with the high quality product CECABASE™ RT warm mix asphalt additive.”
ArrMaz recently completed an asset purchase of Road Science, LLC. || read item
ArrMaz, 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 is a chemical producer of a wide variety of process chemicals, which are custom formulated to meet customer specifications. ArrMaz 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 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, and will continue to headquarter in Tulsa, OK. ArrMaz is owned by Snow Phipps Group, a New York private equity firm that acquires middle market businesses in attractive industries.
Hank Waters joins ArrMaz as President || read item
ArrMaz has announced that Hank Waters has agreed to join the company as President. In his new role, Mr. Waters will focus on expanding ArrMaz’s current operations while pursuing new and intriguing growth opportunities in several international markets.
ArrMaz, headquartered in Mulberry, Florida, is a producer of a wide variety of process chemicals, which are generally custom formulated to meet customer specifications. ArrMaz 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 related minerals mining industries. ArrMaz distributes its products in over 70 countries and has production facilities in key locations worldwide. ArrMaz was purchased by a private equity firm, Snow Phipps Group, in August 2008.
Since 2006, Mr. Waters has been accountable for two of Ashland Inc.’s four operating divisions as President of Ashland Performance Materials and Ashland Water Technologies. He was a Corporate Vice President and previously served as President of Ashland Distribution Company, a distributor of chemicals and plastics in North America and Europe. Mr. Waters held a variety of other positions at Ashland and at both GE Plastics and Air Products. He graduated from The General Manager Program at the Harvard Business School and has a BS in Chemical Engineering from Ohio University.
“We are very pleased that Hank has chosen to join ArrMaz,” said Paul Chellgren, Chairman of ArrMaz and SPG’s Operating Partner. “Hank’s proven ability to create value in the specialty chemical industry domestically and abroad will create significant value for ArrMaz’s shareholders.”
“Hank will be a great addition to the team at ArrMaz,” said Glen Varnadoe, Chief Executive Officer. “Hank brings deep experience in several burgeoning areas of focus for ArrMaz.”
About Snow Phipps Group, LLC
ArrMaz forms joint venture in China || read item
ArrMaz forms joint venture in China; ArrMaz Yunan. Gateway to Asia for all ArrMaz products.
|February 23 2007||
ArrMaz acquires International Water Treatment, a Florida based regional producer and provider of industrial water treatment and technical services. || read item
On February 23, 2007, ArrMaz acquired International Water Treatment Company of Mulberry, Florida. IWT is a regional producer and provider of industrial water treatment chemicals and technical services. The acquisition of IWT signals AMCC’s commitment to expand its product offering and technical support to its current customer base, and to grow into new industrial water treatment markets. ArrMaz currently owns manufacturing facilities in Florida, South Carolina, North Carolina, Louisiana, Idaho, Rio de Janeiro, Brazil, and Kunming, Peoples Republic of China, (under construction) with sales offices in all locations plus Paris, France. The acquisition of IWT brings to ArrMaz additional manufacturing capabilities, chemical formularies and an experienced sales staff, all of which provide a strong foundation for AMCC’s continued growth in the water treatment chemicals market. AMCC’s expansion into the global marketplace encompasses sales in over 70 countries, with distribution and production facilities in key locations worldwide.
“With a complete line of boiler, cooling water, steam system products, and flocculants, and a business model which incorporates knowledgeable, industry experienced technical service representatives who provide regional local service, we only need to carve out a small percent of the overall market to realize significant internal and external synergistic values.” says Glen R. Varnadoe, President/CEO of AMCC.
Headquartered in Mulberry, Florida, the company produces a wide variety of industrial process chemicals, most of which are custom formulated to fit specific customer applications. ArrMaz is owned by management and certain funds managed by GSO Capital Partners, LP, an investment advisor with approximately $7 billion in assets under management and with offices in New York, Houston and London.
ArrMaz acquired by Management and Certain Funds. || read item
Management and Certain Funds managed by GSO Capital Partners, LP of New York, Houston and London acquire ArrMaz. Glen R. Varnadoe appointed CEO.
ArrMaz rated by Standards & Poors || read item
ArrMaz receives debt rating by Standard & Poors and Moody's Investor Services.
|February 15 2006||
ArrMaz and Chemtech Chemical Services join forces on Corrosion Inhibitors || read item
ArrMaz announces the signing of a joint marketing agreement with Chemtech Chemical Services for worldwide marketing of corrosion inhibitors for Urea-Ammonium Nitrate (UAN) solutions. In the agreement, ArrMaz will market Chemtech’s patented corrosion inhibitors outside Chemtech’s core North American market, where Chemtech has been very successful. Chemtech will also market ArrMaz’s corrosion inhibitors in North America.
Vic Granquist, Product Development Manager for ArrMaz, said: “Chemtech’s UAN corrosion inhibitor products have a complementary fit with our existing corrosion inhibitors, broadening our product offerings in this market with new, unique technology. We look forward to working with Chemtech to aggressively expand the customer base for these products.”
Eric Mistretta, VP of Technology for Chemtech, said: “ArrMaz’s strength in international sales of specialty chemicals in the fertilizer market will allow us to focus on North America and also on new product development. We’re exited about the prospects.”
About Chemtech - Chemtech Chemical Services, located in Louisiana, is a fast-growing water treatment chemical manufacturer and marketer that has developed a highly successful, patented corrosion inhibitor technology for UAN and related fertilizer solutions. In developing the market in North America, extensive knowledge has been developed to allow optimization of this technology to meet each customer’s needs, leading to a new level of cost-effective performance for the industry.
|January 12 2006||
Corsicana Technologies appoints ArrMaz as its exclusive distributor for asphalt emulsifiers for the Americas || read item
Corsicana Technologies, Inc. announces the appointment of ArrMaz Custom Chemicals, Inc. (AMCC), as the exclusive distributor of its asphalt additives and emulsifiers in the Americas.
“Corsicana’s asphalt emulsifier business is highly complementary and offers numerous opportunities in conjunction with ArrMaz’s anti-strip additives business in the asphalt paving and emulsion industries” said Pat Lavin, Vice President of ArrMaz.
Tom Kowalski, General Manager of Corsicana Technologies, Inc. said, “We look forward to working with ArrMaz on supplying high quality performance based emulsifiers to the asphalt market. I believe when you couple Corsicana Technologies’ technical and production strengths with ArrMaz’s marketing strengths, we will be in a very favorable position to serve our existing and future customers.”
About Corsicana - Corsicana Technologies, Inc., located in Corsicana, Texas, is a major producer of alkyl nitrogen based chemistry, specifically fatty amines and their derivatives, for application into markets, such as the energy industry, asphalt road construction, mining, lubrication, personal care, textiles, pigment dispersion, paints and coatings. Corsicana Technologies is a technology based, market driven company committed to providing their customers throughout the world with specialty products that focus on performance, value and quality.
|January 11 2005||
Wind Point Partners Portfolio Company, ArrMaz completes acquisition of NuFarm Specialty Products || read item
ArrMaz(AMCC) announces the acquisition of the world-leading Galoryl™ brand of additives and coatings for ammonia-based nitrogen chemicals and fertilizers, from Nufarm, LTD. AMCC is the leading producer of chemical reagents, additives and coatings to the North American phosphate fertilizer and asphalt industries.
AMCC’s majority owner is Wind Point Partners, a private equity investment firm with offices in Chicago, Illinois and Southfield, Michigan.
The acquisition includes Nufarm’s plant in Lobeco, South Carolina, a toll-supply arrangement with Nufarm in France and worldwide Galoryl™ marketing and distribution. Galoryl™ products substantially enhance structural, storage and handling characteristics of technical-grade ammonium nitrate and dry, particularly nitrogen, fertilizers. The Lobeco plant also has world-class tolling operations.
“The Galoryl™ business is highly complementary and offers numerous synergies with Arr-Maz's additives and coatings businesses to the phosphate fertilizer and asphalt paving industries,” said Doug Campbell, ArrMaz CEO. “It also broadens our technical reach and further diversifies our product mix, making Arr-Maz a more attractive supplier in step-out markets.”
Galoryl™ was formerly a product line of Nufarm Specialty Products, a subsidiary of Nufarm LTD, a publicly-traded Australian crop protection company. Operations in South Carolina will continue to be headed by Paul Kern and Antoine Meyer will continue to lead the International Marketing Team headquartered in Gennevilliers (Paris), France.
“The Nufarm product line and management team is a great complement to the Arr-Maz platform investment and is an excellent continuation of our strategy to create value through both organic growth and add-on acquisitions,” said Alex Washington, principal at Wind Point Partners.
Senior debt financing to facilitate the Nufarm Specialty Products acquisition was led by Antares Capital.
About Wind Point - Wind Point Partners is a private equity investment firm with offices in Chicago, Illinois, and Southfield, Michigan that manages over $1 billion in capital. Wind Point focuses on partnering with top caliber CEOs to acquire solid middle market businesses with a clear path to value creation. Wind Point has successfully invested in more than 80 companies since 1984. Additional information about Wind Point is available at www.windpointpartners.com
ArrMaz acquires Lobeco || read item
ArrMaz Custom Chemical acquires Lobeco Products and Galoryl® product line from NUFARM, S.A.
|July 12 2004||
ArrMaz anounces appointment of Chemlink Specialties as UK & Ireland distributor of asphalt additives || read item
ArrMaz is pleased to announce the appointment of Chemlink Specialties, Ltd., Manchester, United Kingdom as its distributor of Asphalt Additives in the United Kingdom and Ireland.
Chemlink will be able to provide just in time inventory, support and sales. Andy Best is the Product Manager responsible for this business. Andy can be reached at 44-0161-776-4303 or email@example.com. More can be learned about Chemlink at www.chemlink.co.uk
|June 9 2004||
ArrMaz at International Public Works Congress & Exposition 2004 || read item
ArrMaz will host booth 2157 at the International Public Works Congress and Exposition running September 12 through the 15th 2004. The show will be held at the Georgia World Congress Center in Atlanta Georgia, USA.
Asphalt additive specialists and chemists will be on hand from ArrMaz to present our complete line of asphalt additives and enhancements.
For more information, contact Patrick Lavin - Vice President, Construction Chemicals at 800-541-8926 or 863-293-7884. Hope to see you there.
|April 7 2004||
ArrMaz appoints Douglass Fertilizer and Chemicals, Inc distributor for Dustrol® to Biolsolids Fertilizer industry || read item
ArrMaz and Douglass Fertilizer and Chemical, Inc., today announced that Douglass Fertilizer and Chemical would become its distributor to the biosolids fertilizer industry for the states of Florida, Texas, Wisconsin, Maryland and New York.
Dustrol® is a registered trademark of ArrMaz Custom Chemicals
Abou Douglass - Douglass Fertilizer & Chemical, Inc. is a privately held company based in Altamonte Springs, Florida, that specializes in providing innovative solutions to its agricultural, turf and industrial customers. Professional turf customers are served through its Liquid Ag Division and its industrial customers through its Applied Solution and Technologies Division. For further information view their website at www.douglassfertilizer.com
|December 5 2003||
Wind Point Partners acquires ARR-MAZ Products, LP and Custom Chemicals Corporation || read item
Wind Point Partners, a private equity firm with offices in Chicago and Southfield, Michigan, today announced that, along with management, it acquired ARR-MAZ Products, LP and Custom Chemicals Corporation on December 5, 2003.
Custom Chemicals, headquartered in Mulberry, Florida produces process chemicals used in fertilizer manufacture and specialty surfactants used in various applications in the United States and overseas.
The businesses of ARR-MAZ and Custom complement one another as each specializes in a different fertilizer industry segment, each has its own unique chemistry and both produce chemicals that enhance their customer’s products and processes. The merged entity will utilize the combined technologies, product application expertise and production locations to better serve existing customers and to develop new business.
ARR-MAZ Products and Custom Chemicals will continue operations as they currently exist with a plan to later merge their operations under the name of ArrMaz Custom Chemicals.
Glen Varnadoe, who has been President of ARR-MAZ, will be President and COO of the combined Company. Doug Campbell, who was President and CEO of nitrogen chemicals/fertilizer producer, Arcadian Corporation and spent 26 years with British Petroleum and The Standard Oil Company (Ohio) will be CEO.
|January 5 2003||
ARR-MAZ Products Asphalt Laboratory achieves AASHTO Accreditation || read item
ARR-MAZ Products, LP has achieved AASHTO accreditation for its asphalt laboratory in Winter Haven, FL. AASHTO, the American Association of State Highway and Transportation Officials, sets nationwide pavement standards.
The ARR-MAZ asphalt laboratory was accredited to perform the full range of SuperPave asphalt binder analyses. SuperPave, a product of the Federal Strategic Highway Research Program (SHRP), is a series of performance standards and analytical methods for asphalt pavement. The asphalt laboratory is also certified by several state DOT’s for asphalt binder analyses and mix design procedures.
ARR-MAZ produces a wide range of additives for improving asphalt pavement performance, including liquid anti-strips, emulsifiers, polymers and phosphoric acid. The SuperPave laboratory is an extension of the asphalt technical center. Click <here> for more information about ARR-MAZ testing capabilities.
|February 1 2002||
SuperPave Laboratory opens || read item
ARR-MAZ Products with facilities headquartered in Mulberry, Florida and with facilities throughout the Southeast United States, has today opened a fully capable SuperPave laboratory at our asphalt technical center.
SuperPave, a product of the Federal Strategic Highway Research Program (SHRP), is a series of performance standards and analytical methods for asphalt pavement. ARR-MAZ Products has invested in technician training and specialized equipment for SuperPave testing. ARR-MAZ Products produces a wide range of additives for improving asphalt pavement performance, including liquid anti-strips and emulsifiers.
Our SuperPave laboratory demonstrates our commitment to our customers and the asphalt additives business. We are now capable of performing a wide range of mix design and binder tests based on the SuperPave specifications.
The SuperPave laboratory is an extension of the ARR-MAZ Products asphalt technical center.
New Convent Facility Completed || read item
ArrMaz Products replaces the old Convent, Louisiana manufacturing facility with a modern new plant dedicated to serving our Gulf Coast area customers..
|May 4 1999||
Glen Varnadoe promoted to President of ARR-MAZ Products || read item
ArrMaz Products, L.P. is pleased to announce that Glen Varnadoe has been promoted to President. In his new capacity, he will have overall responsibility with respect to the business conducted by ArrMaz Products.
Glen has been with ArrMaz Products since 1983 and has been a co-owner since 1991.
ArrMaz Products is headquartered in Mulberry, Florida, which is near the center of the phosphate mining and processing industry. Additional facilities are located in North Carolina, South Carolina, Louisiana, Idaho, Brazil and France.
ArrMaz Products is very excited about this organizational change. Glen's proven abilities and experience will provide the necessary leadership to take ArrMaz into the new millennium.