Bakelite Synthetics to acquire LRBG Chemicals
Bakelite Synthetics has announced today that it has entered into a definitive agreement to purchase and acquire LRBG Chemicals, a Canadian resin manufacturer and developer, with facilities in Longueuil (Montreal) Quebec.
With the completion of this acquisition, Bakelite Synthetics intends to add to its portfolio of products and customers and to build on its growth strategy. LRBG Chemicals manufactures high-quality resins and derivative products that are used in a wide variety of applications serving the building and construction, transportation, industrial and chemical intermediate markets worldwide. Its plants, knowledge and experience have been developed over the last 80 years.
1,500 associates and 21 manufacturing sites
“This acquisition allows Bakelite to expand its footprint into Canada and to better serve the northeastern regions of Canada and the U.S.,” said JP Aucoin, President and Chief Executive Officer of Bakelite Synthetics. Headquartered in Atlanta, Georgia, the combined company consists of approximately 1,500 associates and 21 manufacturing sites operating in 12 countries.
