Chemicals business DGL has announced the acquisition of specialty chemical manufacturer, Aquapac, in a deal valued at $8 million.
Aquapac is a water solutions company which supplies a wide range of water treatment chemicals to industry and local government customers across Australia, as well as exporting chemicals to international markets.
The company has manufacturing facilities in Queensland and New South Wales, as well as an extensive suite of licenses and approvals and unique intellectual property, which will be fully integrated into DGL’s existing operations.
Founder and CEO of DGL, Simon Henry, said the acquisition would enhance DGL’s existing water treatment chemical business and provide access to an extensive list of mining, industrial and government customers across both Queensland and New Sound Wales.
“Aquapac is a perfect fit for DGL’s manufacturing business,” Mr Henry stated.
“We will now be able to provide our customers with an end-to-end water treatment and industrial chemical offering, while also adding to our existing property footprint with quality property that will support our business over the long-term.
“Importantly, we will be able to utilise the company’s extensive connections in far North Queensland, which will provide a significant boost to the newly acquired Townsville facility.
“This is completely aligned to our group strategy to drive cross-sell between our three divisions.”