Castleford-based chemicals company Hickson & Welch has been acquired from its US parent Arch Chemicals Inc in a Ј21m deal financed by leading business finance specialist NMB-Heller and Dunedin Capital Partners.
NMB-Heller assisted in the deal by providing a fully comprehensive Ј10m finance package consisting of invoice discounting, a stock facility and plant loan.
Hickson & Welch specialises in producing fine chemical molecules used in the manufacture of agro chemicals, pharmaceuticals, pigments and detergents by blue chip companies all over the world. The company has a Ј40m turnover and employs 300 people
John Markham, OBE, will lead the management team at Hickson & Welch as chief executive with Richard Whitwell as finance director. Bob Jordan has been appointed as non-executive chairman and Nicol Fraser of Dunedin is appointed as non-executive director.
