Bakelite Synthetics Acquires LRBG Chemicals

Bakelite Synthetics Signs Definitive Agreement to Acquire LRBG Chemicals, Inc., a Canadian resin manufacturer based in Longueuil (Montreal), Quebec. This acquisition, a significant milestone for Bakelite Synthetics, demonstrates the company's commitment to its growth strategy of sustainably delivering innovative solutions by adding valuable products and customer relationships to its portfolio. LRBG Chemicals manufactures high-quality resins and derivatives with a broad range of applications serving global markets including construction and building, transportation, industrial sectors and chemical intermediates. Its facilities, expertise and knowledge have been developed over the past 80 years, and it maintains strong technical knowledge and support aligned closely with Bakelite Synthetics' business model, with a customer-focused research and development emphasis. JP Aucoin, President and Chief Executive Officer of Bakelite Synthetics, stated, "This acquisition enables Bakelite to expand its geographic reach into Canada and better serve the northeastern regions of Canada and the United States. We look forward to welcoming the partners of LRBG Chemicals to Bakelite Synthetics, which has a rich history of specialized product development and customer service, and to expanding our combined operations." Source