Mulberry, Fla.-ArrMaz Custom Chemicals on Feb. 23 acquired International Water Treatment Company of Mulberry, Fla. IWT is a regional producer and provider of industrial water treatment chemicals and technical services. AMCC says the acquisition signals its commitment to expand its product offering and technical support to its current customer base, and to grow into new industrial water treatment markets. AMCC currently owns manufacturing facilities in Florida, South Carolina, North Carolina, Louisiana, Idaho, Rio de Janeiro, Brazil, and Kunming, Peoples Republic of China, (under construction) with sales offices in all locations plus Paris, France. The new acquisition brings AMCC additional manufacturing capabilities, chemical formularies and an experienced sales staff. AMCC’s expansion into the global marketplace encompasses sales in over 70 countries, with distribution and production facilities in key locations worldwide. “With a complete line of boiler, cooling tower, steam system products, and flocculants, and a business model which incorporates knowledgeable, industry experienced technical service representatives who provide regional local service, we only need to carve out a small percent of the overall market to realize significant internal and external synergistic values.” says Glen Varnadoe, AMCC president/CEO. AMCC is owned by management and certain funds managed by GSO Capital Partners, LP, an investment advisor with approximately $7 billion in assets under management and with offices in New York, Houston and London.
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