Chemtron acquires Tonawanda Environmental Corp.

Chemtron Corp., an Avon, Ohio-based portfolio company of New York City-based Kinderhook Industries LLC, announced Nov. 24 that it has acquired the assets of Tonawanda Environmental Corp (TEC). Tonawanda Environmental has been a Buffalo, New York-based provider of hazardous and nonhazardous waste management services for more than 25 years.

The deal represents the second add-on acquisition for Chemtron and Kinderhook’s 50th environmental services transaction. Financial terms of the transaction were not disclosed.

Chemtron has two RCRA Part B treatment, storage and disposal facilities; two 10-day facilities; two nonhazardous waste processing and recycling facilities; and a railcar and ISO container processing facility. Through its hazardous and nonhazardous waste processing sites, Chemtron can treat, process and direct a range of wastes for engineered fuel or alternative end disposal on behalf of waste generators, the company says.

According to Chemtron, the acquisition further supports the company’s efforts to expand its sustainability offerings to western New York-based customers.

“We are excited to add TEC and its capabilities into our suite of waste solutions,” says Chemtron CEO Rob Swords. “The TEC acquisition will expand the Chemtron footprint regionally, and TEC’s track record of excellent customer service will be a benefit for Chemtron as we look to expand our presence and service offering into new markets.”

“The TEC team is excited to join the Chemtron family,” TEC founder Tom Napier says. “Chemtron’s deep industry knowledge and access to resources will help TEC unlock additional opportunities outside of our current capabilities. Our customer base will continue to receive the same high-quality service and benefit from Chemtron’s expanded service offerings.”

According to Chemtron, a number of TEC’s employees will join the Chemtron team as part of the acquisition.

“The acquisition of TEC enables Chemtron’s expansion into western New York, a dense industrial manufacturing region, and promotes access to attractive new disposal outlets,” Rob Michalik, managing director of Kinderhook Industries, says. “The acquisition will strengthen Chemtron’s position as a preeminent regional provider of waste management services. We look forward to using this transaction as a catalyst for future growth.”

Tucker Ellis LLP, Cleveland, served as legal counsel to Kinderhook. Financing for the transaction was provided by Dallas-based Comerica Bank.