The DeWolf Companies to acquire Tempo Canada
Transaction will create distribution advantage for North American market
The DeWolf Companies, comprising speciality chemical distributors DeWolf Chemical and Glenn Corporation, have entered into an agreement to acquire distributor Tempo Canada.
The transaction, which is expected to be completed by 30 March, will see Tempo Canada retain its name and identity in the marketplace, and continue to operate as a stand alone entity.
“The DeWolf Companies have a strong desire to expand our business model into Canada,” commented Hank DeWolf, president and ceo of The DeWolf Companies. “With the acquisition of Tempo Canada, we are now in the position to fully execute our strategic vision. Since its inception 28 years ago, Tempo Canada has been providing the Canadian market with a similar approach in supplying speciality chemicals. By combining forces, we will be able to maximise the potential of each of our companies, offering an overall distribution advantage for the North American market.”
