September 27, 2011
TC USA, Inc., a wholly owned subsidiary of Charles Tennant & Company (Canada) Ltd, a division of the UK based Tennant Group of Companies, announces the aquisition of the US specialty polymer supplier, Zenitech, LLC. The aquisition is a continuation of Charles Tennant Ltd‘s strategic initiatives in developing new and innovative ingredients for the Personal Care, Cosmetic, and Pharmaceutical industries.
Zenitech provides the global Pesonal Care & Cosmetic markets with patented, multi-dimensional, and specialty polymers derived from natural based intermediates. Such products improve the moisturization, conditioning, glossing, and film forming properties of cosmetic and beauty care formulations.
“Now, we will have an even wider offering of functional and highly innovative products and services for our customers worldwide, widening our portfolio of fine chemicals, customer commitment, and global resources for the Beauty Care market, ” added Robert MacPhail, CEO and President of Charles Tennant & Company.
Canec Inteational was the exclusive M&A adviser to Zenitech.