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.
ARR-MAZ Products, headquartered in Winter Haven, Florida produces process chemicals used in fertilizer manufacture and asphalt paving industries in North America and worldwide.
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.