Valudor Products Acquires LidoChem
NEWS POST
The acquisition diversifies markets for Valudor Products, completes product portfolio and enhances solution offerings for all customers.
ENCINITAS, CA, APRIL 22, 2024 — Valudor Products, LLC (“Valudor Products”) a market leader in the sourcing and distribution of chemical raw materials in the Agricultural and Industrial space in Canada, United States and Latin-America, is acquiring the assets of LidoChem Inc, effective immediately. Founded over 40 years ago, LidoChem, Inc (“LidoChem”) is a successful, well-known, and well-established company based in Hazlet, NJ.
LidoChem markets chemical raw materials, and through its Performance Nutrition® division, develops and distributes specialty fertilizers. LidoChem has a national presence selling bio pesticides, patented chelated micronutrient solutions, specialty performance fertilizers, lawn fertilizers, turf fertilizers, soil amendments and surfactants that are not only unique and highly effective, but environmentally friendly.
The newly created entity will operate under Performance Nutrition® brand. The transaction was led by Monroe Capital LLC and the terms of the transaction were not disclosed.
“This acquisition will bring positive synergies to all customers which will enjoy a more robust offer from a larger distribution network. 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,” said Alberto Machado, CEO of Valudor Products. “Valudor’s value proposition will be fortified by the addition of a talented team of experienced professionals in the development of innovative products. LidoChem comes with an impeccable record of understanding customer needs and possesses a strong regulatory compliance culture. Valudor will immediately leverage these organizational skillsets”.
“Under Valudor’s stewardship, I am confident that the LidoChem team will have a tremendous opportunity for continued success and growth. 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,” said Lisa Pucillo, President of LidoChem, Inc. “This transaction fulfils the commitment I made to Don to ensure the company and the legacy of the “Partners in Growth” culture he inspired will continue to flourish.”
Mirus Capital Advisors served as financial advisor to LidoChem.
About Valudor Products
Valudor Products was founded in 2004 and has been growing steadily for almost 20 years. Our team of experts thrives on exceeding customer expectations, servicing customers with competitive chemicals and tailored logistics solutions. The company is in the Top 100 chemical distributors list in the US as per 2022 ICIS annual rank. Valudor has 22 employees, and is headquartered in Encinitas, located 26 miles north of San Diego, CA. Valudor Products has a portfolio of 80+ different chemicals sold from 20+ distribution centers across the US to 200+ customers grouped in three segments: Fertilizers, Animal Feed and Industrial. Prior to this acquisition, the annual volume of raw materials sales exceeded 100 million pounds.