Wilbur-Ellis has acquired Nachurs Alpine Solutions, a specialty liquid chemical manufacturer serving the precision agriculture, transportation, energy, and diversified industrial sectors in North America. This is the largest acquisition in Wilbur-Ellis' history.
"NAS is a great strategic fit for Wilbur-Ellis," said Wilbur-Ellis President and CEO John Buckley. "It supports our One Wilbur-Ellis strategy, which promotes collaboration and leveraging our resources, experiences and knowledge across our businesses to add value and better serve customers."
Formed in 1946, NAS pioneered precision-placed liquid fertilizer, formulated to meet the nutritional needs of crops and growing conditions in the U.S. and Canada. Over the past 20 years, NAS has organized into six business units and diversified, providing de-icing and freeze prevention solutions for the transportation and mining industries, as well as fluids for the energy sector.
As part of Wilbur-Ellis, NAS will operate as a new business division. NAS will be led by its current President and CEO Jeff Barnes, who will report to Buckley. NAS products will continue to be sold under its signature brands, including NACHURS and ALPINE liquid fertilizers in the U.S. and Canada.
The acquisition enables Wilbur-Ellis to enter new markets and expand its specialty chemicals presence in North America. NAS de-icing and freeze prevention products are new for Wilbur-Ellis, while NAS involvement in the energy industry fits nicely with Wilbur-Ellis' role as a provider of specialty materials for oil and natural gas applications. Wilbur-Ellis also sees collaboration opportunities for NAS and its Nutrition division.
"NAS has demonstrated an extraordinary ability to innovate," Buckley said. "Over the past five years, the company has launched over 50 new products, which has provided greater stability in changing markets and contributed significantly to their product portfolio."
BMO Capital Markets Corp. acted as financial advisor for Nachurs Alpine Solutions and Rabobank acted as financial advisor for Wilbur-Ellis.