Anco Chemicals Inc. has been acquired by Airgas Inc.
Coldwater acted as the exclusive M&A advisor to Anco Chemicals, Inc. (“Anco”) on its sale to Airgas, Inc. (“Airgas”). Miller Thomson LLP acted as the sell-side legal advisor.
Founded in 1955, Anco is a leading specialty chemicals manufacturing and distribution company that supplies bulk and packaged aqua ammonia and anhydrous ammonia, along with a broad range of other specialty chemicals to a highly diversified customer base across dozens of industries.
Founded in 1982, Airgas is one of the largest U.S. suppliers of safety, industrial, medical and specialty gases, as well as hard goods and related products. Airgas has grown through more than 500 acquisitions before being acquired by Air Liquide (EPA: AI) in 2016.
Coldwater positioned Anco as a mission-critical and market-dominant business with strong growth opportunities. This approach attracted interest from leading global acquirers and resulted in a sale to Airgas, part of one of the largest public players in the sector, Air Liquide. Coldwater negotiated an all-cash transaction with a favourable working capital true-up, maximizing value for Anco.
