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Canadian firm Dover Corporation acquires Transchem Group
Dover Corporation has completed the acquisition of Transchem Group, one of the largest suppliers of car wash chemistry and associated solutions in North America. Transchem is now part of OPW's Vehicle Wash Solutions business (OPW VWS) within Dover's Clean Energy & Fueling segment.
Headquartered in Cambridge, Ontario, and employing approximately 80 people, Transchem has served the car wash industry for over 45 years and is known for its high-performance cleaning and chemical solutions, including the premium Turtle Wax Pro product line, True Vue 2 chemical management systems, ClearWash water reclaim systems, and Digital Mosaic, a technology platform that enables car wash operators to manage subscription and loyalty programs.
With the addition of Transchem's offerings, OPW VWS's product portfolio is among the most comprehensive in the industry, offering tunnel and in-bay automatic wash systems, payment terminals, process controls, site management software, automation systems and now chemistry and water reclaim systems.
"We are excited to have Transchem join the OPW team, helping us grow our portfolio of market-leading brands," says Keith Moye, vice president and general manager of OPW VWS. "With Transchem, OPW can now offer its customers and channel partners a broader set of chemical products that deliver excellent wash performance and water reclaim technology that reduces water usage and lowers operators' costs. We look forward to driving significant growth synergies leveraging our combined product offering and channel to a large customer base across North America."
Terms of the transaction were not disclosed.
25th January 2024