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Synopsis
HIG Capital-backed Recochem, a global company in manufacturing, marketing, and distributing automotive aftermarket and household fluids, completed the acquisition of KOST USA, an American manufacturer of coolant/antifreeze. Financial terms were not disclosed. “The acquisition of KOST is strategically important for Recochem, significantly increasing the Company’s presence in the United States. The combined business is a leading manufacturer and distributor and one of the few scaled players in automotive aftermarket consumable fluids across North America. KOST has a loyal customer following and an excellent reputation for quality products and outstanding service. We are very excited about partnering with the team at KOST to support the company’s continued expansion,” Richard Boudreaux, Recochem President and CEO.
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