We are pleased to announce that today, December 15th, 2021, Reagens and Evans Chemetics, a wholly owned subsidiary of Bruno Bock, arrived to the final agreement under which Reagens USA is acquiring Evans Chemetics’ Thioester Business, which consists of the Evanstab® family of secondary antioxidants products.
Reagens USA and Evans Chemetics agreed to a transition period during which Evans will supply Reagens with thioester products from its plant in Waterloo, NY. During this transition period, Reagens USA plans to invest in additional capabilities at its Pasadena, TX site to support long-term production of the acquired products.
Bob Wells, Reagens USA VP of Sales, commented, “The acquisition is an excellent opportunity for Reagens USA to strengthen its position in the U.S. thioester market. We look forward to continuing to provide best-in-class products and service to our combined customer bases.”
Ettore Nanni, Reagens group CEO, added, “We are very pleased to have reached this agreement with Bruno Bock and Evans, and Reagens is proud to demonstrate again its long-term commitment to the entire American plastics market.”
ABOUT REAGENS USA
Reagens USA, part of the Reagens group, has its manufacturing plant in Pasadena, TX, where it has produced thioesters for the polyolefin industry since 2007. In addition to the thioester business, Reagens USA produces a host of PVC additives, namely tin and CaZn stabilizers along with lubricants. For several decades, Reagens S.p.A, on the top of its leadership in the PVC stabilizers, has also produced thioesters at its headquarters facility in Italy and is the only company producing this class of antioxidants on both sides of Atlantic.