M&A Deal Summary

CRC Industries Acquires Evapo-Rust

On April 13, 2021, CRC Industries acquired chemicals company Evapo-Rust from Harris International Labs

Acquisition Highlights
  • This is CRC Industries’ 2nd transaction in the Chemicals sector.
  • This is CRC Industries’ 3rd transaction in the United States.
  • This is CRC Industries’ 1st transaction in Arkansas.

M&A Deal Summary
Date 2021-04-13
Target Evapo-Rust
Sector Chemicals
Buyer(s) CRC Industries
Sellers(s) Harris International Labs
Deal Type Divestiture

Target

Evapo-Rust

Springdale, Arkansas, United States
website
Evapo-Rust is a provider of rust removal products. The Evapo-Rust brand consists of several rust and paint removal products including Evapo-Rust, Rust-Block™, ThermoCure™, Safr™, and Safe-Erase™. Evapo-Rust is based in Springdale, Arkansas.

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Buyer(S) 1

Buyer

CRC Industries

Horsham, Pennsylvania, United States

website

Category Company
Founded 1958
Sector Chemicals
DESCRIPTION

CRC Industries is a worldwide producer and distributor of chemical specialties for the maintenance and repair professional, serving the marine, electrical, industrial, and aviation markets, and the automotive aftermarket. CRC maintains its position through continual product innovation and new product offerings. Headquartered in Horsham, Pennsylvania, CRC markets products in more than 150 countries. The company maintains four independent operating groups headquartered in the United States, Australia, Belgium, and New Zealand. Each operating group provides manufacturing and distribution centers to serve local markets.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
State (Arkansas) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Weld-Aid Products

Detroit, Michigan, United States

Weld-Aid Products is a manufacturer and supplier of chemical maintenance products for the welding and metallurgy business segments. Weld-Aid Products brand products include: WELD-KLEEN ® , a coating to prevent splashing; NOZZLE-KLEEN ® , a coating to maximize tip life; LUBE-MATIC ® , a coating to maximize tip life and coating; FRACSURE ® , YORK Products, BRITE ® , and the leading BRITE ZINC ® and 1st ZINC ® Weld - Aid galvanizing brands.

Buy -

Seller(S) 1

SELLER

Harris International Labs

Springdale, Arkansas, United States

website

Category Company
Sector Chemicals
DESCRIPTION

Harris International Labs is a manufacturer of Evapo-Rust Super Safe Rust Remover, White Wizard cleaner, Rust-Block rust inhibitor, and Aluminate. Harris International Labs was founded in 1997 and is based in Springdale, Arkansas.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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