Turtle Wax, Inc., a worldwide leader in service and care car products, announced that the brand will sell its Professional Products business to partner company Transchem, Inc. Turtle Wax has worked with Transchem for the past three years, utilizing its technology and manufacturing facilities for the Professional Product line.
“Transchem has been an invaluable partner in our efforts to grow the Turtle Wax Professional Products business,” Turtle Wax Chief Operating Officer Tom Healy said. “We consider this sale a significant factor in positioning the line to take the next step toward sustainable growth.”
Turtle Wax will sell the Professional Products business and license the Turtle Wax brand name to Transchem for professional car wash related chemicals in North America by March 31, 2013. Transchem plans to retain the existing Turtle Wax Professional Products team, which will benefit from the flexibility that Transchem can offer in formulation and manufacturing. They will enjoy an expanded product range to sell, all under the Turtle Wax brand name.
Transchem’s sole focus for over 30 years has been on industrial vehicle wash chemical formulation and production, providing attentive customer service and offering valuable input into the day-to-day operations of their customers - without compromising on the ethics that the company has been built on.
About Turtle Wax
Turtle Wax® is the world leader in car care with sales in over 90 countries. Founded more than 70 years ago in Chicago, Ill., the company is recognized for its continuous innovation in manufacturing appearance and performance car care products for the retail consumer market and the commercial car care and professional detailing industries. For more information, visit www.turtlewax.com
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