Citizens Advises BLEACHTECH on its Acquisition by ANSA McAL

11/19/2024

Citizens Advises BLEACHTECH on its Acquisition by ANSA McAL

PROVIDENCE, RI - Citizens M&A Advisory announced today that it served as the exclusive financial advisor to BLEACHTECH L.L.C., a leading U.S.-based chlor-alkali producer, in its acquisition by ANSA McAL Limited for $327 million.

BLEACHTECH, based in Cleveland, Ohio, is a vertically integrated leader in producing high-purity bleach, hydrochloric acid and caustic soda, serving both municipal and industrial clients in potable and wastewater treatment across the Midwest and Mid-Atlantic.

ANSA McAL, via its subsidiary ANSA McAL Chemicals Limited, is the leading chlor-alkali producer in the Commonwealth Caribbean, serving the water treatment needs of the Caribbean region for more than 35 years.

"We very much appreciate the efforts by the Citizens M&A team to deliver this exceptional outcome for our shareholders, employees and customers," said Richard Immerman, co-founder of BLEACHTECH. "Citizens ran a competitive process that exceeded our expectations and resulted in a great partnership for BLEACHTECH."

"Our team worked closely with BLEACHTECH on their milestone transaction," said Managing Director of Citizens M&A Advisory David Dunstan. "This acquisition will provide new opportunities for growth for BLEACHTECH under ANSA McAL's leadership. The combination of BLEACHTECH's well-established operations and ANSA McAL's significant resources is a natural fit for both parties."

Citizens M&A Advisory specializes in middle-market mergers and acquisitions, providing tailored advice to help clients realize their strategic goals. The Citizens team has more than 100 M&A professionals with expertise across various industries. Citizens M&A Advisory is a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $219.7 billion in assets as of September 30, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn or Facebook.

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