May 6 2014, David R Brown

Nova Capital Management Ltd. (“Nova”) has announced it has completed the sale of its portfolio company Debro Chemicals to 4I Capital Inc., a Toronto-based private investment company headed by Brian Imrie. Nova acquired Debro in 2011 as part of a portfolio of five industrial businesses previously owned by Amalgamated Metal Corporation Plc, a UK based investment group.

I am pleased to return Debro to Canadian ownership. Debro is one of the leading, independent chemical distributors in Canada.

Brian Imrie
New President of Debro Chemicals

With a history dating back to the early 1920's, Debro Chemicals is a Canadian distributor providing manufacturers with chemical raw material and supply chain solutions. The company serves a diverse customer base through four business units namely Fine Chemicals, Process Chemicals, Food Ingredients and Industrial Specialties.

Bill Heise, President of Debro stated that “This is a great outcome for the entire Debro team. We look forward to working with Brian Imrie in the coming years to capitalize on the many opportunities we see for profitable growth.”

Brian Imrie, Debro's new Chairman said “I am pleased to return Debro to Canadian ownership. Debro is one of the leading, independent chemical distributors in Canada. We have an outstanding employee team lead by Bill Heise. We represent many of the best chemical companies in the world and serve a diverse and growing customer base across Canada.”

About Debro Chemicals
Headquartered in Ontario, Canada, Debro Chemicals is a specialty chemical distributor with offices in Dorval, Quebec and Richmond, B.C. supported by a network of five, third-party warehouses. The company's key market areas include Personal Care, Cosmetics, House Hold Institutional Industrial (HI&I), Food & Nutracueticals, Paints & Coatings, Rubber, Plastics, Inks, Adhesives, Textiles, Metal Treating and Lubricants.

Source(s): Nova Cap Press Release

Further Information

Visit: http://www.nova-cap.com