Old World Industries (OWI), Northbrook, Ill., said on Oct. 29 it has acquired Monument, Colo.-based Dasco Inc.’s diesel exhaust fluid (DEF) and prilled, automotive-grade urea (AGU) global business and assets. In addition to these products, Dasco is also involved in the agriculture market, manufacturing products related to crop nutrients, animal feed ingredients, and industrial chemicals.
OWI said over the past 10 years, it has solidified itself as a domestic leader in the DEF market, which is expected to grow at nearly 10 percent compounded annual growth rate over the next decade. Dasco began selling DEF in 2013 and has continued to grow this product line, consisting of bulk liquid DEF and prilled AGU. As a term of the agreement, OWI will begin servicing Dasco’s DEF customers and working with Dasco’s DEF and AGU suppliers.
“OWI successfully entered the DEF market in 2009 with best-in-class products under its flagship brand BlueDEF,” said Charles Culverhouse, OWI CEO. “We have become the market leader for DEF because our channel partners, distributors, and consumers recognize OWI’s commitment to providing the highest quality DEF available. The acquisition of Dasco’s DEF and AGU business expands OWI’s reach and capabilities to meet the needs of our customers and consumers in this growing category.”
Recently, OWI inked an agreement with Unity Envirotech of Illinois LLC to be the exclusive sales, marketing, and distribution agent for the ammonium sulfate (AMS) that Unity produces at its Henry, Ill., facility (GM Sept. 6, p. 1). It marked OWI’s first foray into fertilizer.
OWI is currently the number one supplier for antifreeze, coolant, and DEF in North America, with well-known brands that include PEAK Performance® automotive products, BlueDEF® and Victory Blue™ diesel exhaust fluid, and Final Charge® and Fleet Charge® coolant products. OWI is among the largest privately-held companies competing in the automotive aftermarket, with a presence in various consumer product markets in 55 countries.