Posted: Tue Sep 14, 2010 3:47 am Post subject: InChem Corp. Purchases Recovery Technologies Corp of Rock Hi
InChem Corp., an established toll and custom chemical manufacturer, has purchased the business and assets of Recovery Technologies Corp. (RTC) for its complementary technology. Both companies are located in Rock Hill, S.C.
Rock Hill, SC, September 14, 2010 -- InChem Corp., an established toll and custom chemical manufacturer, has purchased the business and assets of Recovery Technologies Corp. (RTC) for its complementary technology. Both companies are located in Rock Hill, S.C.
“RTC specializes in thin film and molecular distillation, deep vacuum distillation, and has a solid business in the purification of nutraceuticals, nutritional supplements, personal care products and flavor-fragrance chemicals and other niche products,” said Steve Crownshaw, President of InChem Corp. “RTC was formed in 2007 and operates independently on InChem’s 46-acre site.
“This acquisition brings in-house a new core competence that will be available to InChem’s expanding customer base, with distillation capabilities from trial quantities as low as one kg per hour all the way up to full-scale, one tonne per hour of production volume,” Crownshaw said.
“This purchase is in keeping with our strategy to pursue bolt-on acquisitions to expand our processing capabilities to better serve our customers,” said David Minchin, Vice President of Commercial Development at InChem. “Our services range from research and process development to full-scale commercial production of a wide range of chemical products, many custom-manufactured to our customers’ specific requirements.”
Financial terms of the acquisition were not disclosed.
Jay Railey, owner of RTC, commented, “I am delighted to have established the RTC business and passed it on to the capable hands at InChem. They have the resources to take this business to the next level and serve a wider range of customers in the ever-changing chemical marketplace.”
At the same time, InChem has also made a collateral agreement with VTA, a German company which installed the primary equipment used by RTC, Crownshaw said. “Going forward, InChem and VTA will work together to offer testing services using this equipment for their customers as well as ours.”
“We’re delighted to have this new partnership with InChem,” said Bob Schavey, business development manager for VTA’s U.S. operations. “Our company’s line of chemical manufacturing equipment fits in well with InChem’s custom and toll chemical manufacturing business. VTA’s deep vacuum distillation equipment allows very precise separation of more volatile chemical components from the more stable components, using controlled temperature and pressure.”
InChem Corporation (www.InChemCorp.com) has a secure manufacturing site at 800 Cel-River Road just off Interstate 77 in Rock Hill. It is part of a $150 million global chemical corporation with other plants in Lisbon, Portugal, and Johannesburg, South Africa.
Rock Hill, SC
buck at lciweb.com
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