Up to date news on the global chemical distribution industry
March 5, 2012
The DeWolf Companies (DeWolf Chemical, Inc. – Glenn Corporation) have announced that they have entered into an agreement to acquire Canadian specialty chemical distributor Tempo Canada Inc., headquartered in Oakville, Ontario with regional offices located in Montreal, Quebec. A March 30, 2012 transaction date is anticipated.
With this acquisition, The DeWolf Companies are now strategically positioned to offer a single, dedicated channel to Personal Care, Cosmetic and HI&I (Household, Industrial and Institutional) markets throughout North America.
“The DeWolf Companies have had a strong desire to expand our business model into Canada. With the acquisition of Tempo Canada, we are now in the position to fully execute our strategic vision” said Hank DeWolf, President and CEO – The DeWolf Companies. “Since its inception 28 years ago, Tempo Canada has been providing the Canadian market with a similar approach in supplying specialty chemicals. By combining forces, we will be able to maximize the potential of each of our companies, offering an overall distribution advantage for the North American market.”
Similar to the markets served by DeWolf Chemical and Glenn Corporation, Tempo Canada's sales and marketing efforts are focused on Personal Care, HI&I, nutrition. Tempo Canada Inc. will retain its name and identity in the marketplace and will continue to operate as a separate stand-alone entity with its own sales, supply chain and customer service teams operating from its existing offices and facilities; identical to how DeWolf Chemical and Glenn Corporation operate today.
About The DeWolf Group of Companies
The DeWolf Companies are a group of technical service and marketing oriented distributors of specialty chemicals with a principal focus on the North American Personal Care, Color Cosmetic and HI&I markets. Each of The DeWolf Companies operates under a similar business model centred around providing leading technical services combined with a marketing oriented approach. The DeWolf Companies are signed up to the National Association of Chemical Distributors (NACD) Responsible Distribution Process®
Source: DeWolf Chemical
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