Bakelite Synthetics to Acquire LRBG Chemicals

Atlanta-based Bakelite Synthetics has taken a significant step by entering into a definitive agreement to acquire LRBG Chemicals Inc., a distinguished Canadian manufacturer and developer specializing in liquid phenolic resins. LRBG Chemicals boasts operational facilities in Longueuil, located in the Montreal region of Quebec, Canada. This strategic acquisition is poised to expand Bakelite Synthetics' product offerings, customer base, and aligns with their overarching growth strategy, which centers on providing sustainable and innovative solutions to their valued clientele.

LRBG Chemicals is renowned for its production of high-quality resins and derivative products that find application across a diverse spectrum of industries, including building and construction, transportation, industrial, and chemical intermediate sectors on a global scale. The company's product range also encompasses powdered melamine and urea resins, mirroring the offerings of Bakelite Synthetics. LRBG Chemicals has accrued extensive expertise over its 80-year history, focusing on customer-centric research and development, underpinned by robust technical knowledge and support, closely mirroring Bakelite Synthetics' operational model.

The strategic significance of this acquisition is underscored by its potential to bolster Bakelite Synthetics' presence in the Canadian market. Furthermore, it positions the company to better serve the northeastern regions of both Canada and the United States, amplifying its reach and impact. JP Aucoin, President and CEO of Bakelite Synthetics, expressed enthusiasm about this development, emphasizing the potential for synergies between the two entities. He noted, "This acquisition allows Bakelite to expand its footprint into Canada and to better serve the northeastern regions of Canada and the United States." Mr. Aucoin also expressed his anticipation in welcoming LRBG Chemicals' dedicated team into the Bakelite Synthetics family, citing the company's illustrious history of custom product development and unwavering commitment to customer service.

Upon finalization of the acquisition, the newly merged entity will have its headquarters located in Atlanta. This combined company will represent a formidable force, comprising approximately 1,500 employees and an impressive network of 21 manufacturing facilities strategically situated across 12 countries. This geographic diversity and considerable workforce underscore the company's global reach and potential to drive innovation and excellence across its operations.

In summary, Bakelite Synthetics' acquisition of LRBG Chemicals signifies a significant milestone in the company's strategic growth journey. By expanding its product range and customer base while reinforcing its commitment to sustainability and innovation, Bakelite Synthetics is poised to strengthen its position as a leading player in the industry. The integration of LRBG Chemicals' expertise and resources into Bakelite Synthetics' existing framework promises to unlock new opportunities and synergies, positioning the combined entity for continued success and growth. With a global footprint and a focus on customer-driven solutions, this acquisition underscores Bakelite Synthetics' commitment to delivering value to its clients and stakeholders.