Valudor Products LLC, a California-based distributor of chemical raw materials in the agricultural and industrial sectors in the US, Canada, and Latin America, announced on April 22 that it has acquired the assets of LidoChem Inc., Hazlet, N.J., effective immediately.
LidoChem markets chemical raw materials, and through its Performance Nutrition® division, develops and distributes specialty fertilizers. The company sells bio pesticides, patented chelated micronutrient solutions, specialty performance fertilizers, lawn fertilizers, turf fertilizers, soil amendments, and surfactants.
Valudor said the newly created entity will operate under the Performance Nutrition® brand. The transaction was led by Monroe Capital LLC. The terms were not disclosed.
“This acquisition will bring positive synergies to all customers which will enjoy a more robust offer from a larger distribution network,” said Alberto Machado, CEO of Valudor. “It is part of our strategic plan and will accelerate the growth of Valudor Products by increasing our leadership position in the distribution of raw materials and brings an incredible opportunity to penetrate the attractive specialty fertilizers market.”
Headquartered in Encinitas, Calif., Valudor was founded in 2004 and has 22 employees. The company has a portfolio of more than 80 different chemicals sold from over 20 distribution centers across the US to customers in the fertilizer, animal feed, and industrial sectors.
“Under Valudor’s stewardship, I am confident that the LidoChem team will have a tremendous opportunity for continued success and growth,” said Lisa Pucillo, President of LidoChem. “When we founded LidoChem over 40 years ago, my co-founder, the late Don Pucillo, and I agreed that our employees were the company’s most valuable assets.”