Capstone Partners (IMAP USA) advised Mays Chemical Company—a leading chemical and ingredient distribution company—on its sale to Ravago.

Mays Chemical, founded in Indianapolis in 1980, offers bulk, packaged, and laboratory chemicals, as well as related raw materials and formulated products. Mays serves the beverage, food, pharmaceutical, automotive, personal care, electronics, paint and coatings, laboratory and healthcare, pulp and paper, and chemical processing industries. The company also provides value-added services such a blending, repackaging, dilutions, logistics, storage solutions and more.

Doug Usifer, Managing Director and lead advisor on the deal for Capstone, commented, “Mays is a leading value-added chemical distributor in the U.S. with a storied heritage, great team, and an outstanding business model.  We were honored to represent Mays Chemical Company and their shareholders in this important transaction, and we look forward to their new chapter of growth with Ravago.”

Ravago, founded in 1961, is a Belgian plastic production company specialized in polymers, chemicals, and life ingredients, and building materials. Ravago focuses on the distribution, resale, and manufacturing of sector products with an expertise in recycling products. Ravago is a family-owned company with offices globally