Tiarco of Dalton, a subsidiary of Dalton-based Textile Rubber & Chemical Co., has bought the Dalton-based surfactants, thickeners and dispersants business of H.B. Fuller for $71 million.
The newly formed company will be known as Tiarco-RST and will also be based in Dalton.
"This is an exciting time for the new Tiarco-RST business," said Shane Day, the company's global sales director. "Being under the Tiarco Chemical group with the local ties and community involvement is great for our employees. All employees will stay on board, and no initial plans for any changes to the local plant and business are anticipated. I would add that with the synergies that have been determined from this acquisition, future growth of the overall business is expected and thus benefiting the local manufacturing landscape."
Tiarco is a specialty chemical manufacturer for latex, grease and lubricant, water treatment and oil and gas applications. Textile Rubber & Chemical Co. is a chemical and technology company with manufacturing facilities throughout the world.
“Textile Rubber & Chemical Co. and the Tiarco team are excited to have H.B. Fuller’s rheology and surfactant group join our portfolio of businesses,” said Kevin Nolan, vice president and general manager of Tiarco. “Their products and new chemistries, combined with their outstanding operational and commercial teams, will greatly enhance our company’s ability to serve existing core markets, while introducing us to additional application areas and toll and contract opportunities. We look forward to working with H.B. Fuller on a smooth transition and continuing to deliver performance-based solutions to our current and future customers."
H.B. Fuller's surfactants, thickeners and dispersants products are "used in carpet, floor coatings, adhesive and caulk formulations, as well as surfactants used in detergents, wetting agents and foam boosters in beauty and health care products," according to a press release.