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VanDeMark Chemical Inc. Acquires Framochem
Date:8/1/2014

NEW YORK, Aug. 1, 2014 /PRNewswire/ -- VanDeMark Chemical Inc., Lockport, NY, the largest, independent manufacturer of phosgene and phosgene derivatives in North America, today announced that it has acquired Framochem Kft, a leading European-based manufacturer of phosgene products, based in Hungary.

The purchase unites two companies with complementary product offerings and creates one of the world's largest, independent manufacturers of products based on phosgenation chemistry.  These compounds are widely used in the pharmaceutical, agricultural-chemical, personal care, polymer and fine chemical industries.

Michael Kucharski, CEO of VanDeMark Chemical, said, "This acquisition combines a North American leader with a European leader to give us greater size and scale across more geographies.  By combining these two companies, we are marrying VanDeMark's particular strengths in the custom side of the market with Framochem's substantial offering in the catalog chemical business – all of which makes a compelling, single-source offering for our customers for phosgene products worldwide."

Christopher P. Fuller, Managing Partner of Uni-World Capital, VanDeMark's largest private equity owner and sponsor of the transaction, added, "In a sense, we are reuniting these two companies – along with the business rationale and global customer base – since both VanDeMark and Framochem were originally part of the French state-owned enterprise SNPE."

Framochem was a subsidiary of ISOCHEM S.A.S., a company of the Munich-based AURELIUS Group (ISIN DE000A0JK2A8). As part of the transaction, VanDeMark has also acquired a sales office in Germany, ISOCHEM Deutschland GmbH.

With a combined total
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SOURCE VanDeMark Chemical Inc.
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