April 30, 2012 — WARWICK, RI — DeWolf Chemical, Inc. and Glenn Corporation are pleased to announce the successful completion of the acquisition and operational integration of Canadian specialty chemical distributor Tempo Canada.
With the completion of this acquisition The DeWolf Companies (DeWolf Chemical, Inc. – Glenn Corporation – Tempo Canada) now offer a single channel to the Personal Care, Color Cosmetics and HI&I markets throughout North America. This extension of its already substantial market reach and depth will permit the organization to capitalize on the significant growth opportunities that exist within the Canadian Beauty Care and HI&I sectors.
Tempo Canada will retain its respected brand and identity developed over 28 years of business. The company will continue to operate as an autonomous business entity with its own sales, supply chain and customer service teams strategically focused on the Canadian marketplace. Operations will continue from existing offices and facilities headquartered in Oakville, Ontario (within the Greater Toronto Area), and regional office in Montreal, Quebec. This model is consistent with the operational approach taken by DeWolf Chemical and Glenn Corporation today.
This acquisition will strengthen Tempo’s position and offering in the Canadian marketplace by leveraging on DeWolf’s and Glenn’s market model, infrastructural efficiencies, enterprise business systems and operational best practices.
“I would like to welcome the Tempo organization and employees to the DeWolf family,” said Hank DeWolf, President and CEO – The DeWolf Companies. “We are extremely excited about the opportunities created for the combined organization through this strategic acquisition. Having achieved our corporate objective of becoming a North American leader in our marketplace, we look forward to continuing our track record of consistent and sustainable revenue growth experienced over the past 10 years.”
The DeWolf Companies (DeWolf Chemical, Inc. – Glenn Corporation – Tempo Canada) are a network of technical service and marketing-focused distributors of specialty chemicals with a principal focus on the North American Personal Care, Color Cosmetisc and HI&I markets.
A technically competent and marketing driven orientation differentiates us. They give us the competitive advantage to provide our customers with technologically advanced formulating solutions that are competitively aligned with market trends and industry forecast. or
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President & CEO
The DeWolf Companies
The DeWolf Companies