Texas-based Shrieve Chemical Co., a value-added chemicals distributor, recently purchased Newtown-based Connection Chemical, an industrial chemicals and fine ingredients distributor, for an undisclosed amount.
The purchase allows Shrieve to broadens its product portfolio and sourcing capabilities, and allows the company to offer its product lines to Connection’s customers.
“Our shared values and dedication to customer service make this partnership a perfect fit, and we are eager to harness the strength of the combined organization to better serve our customers and suppliers,” Frank Farish, Connection president, said.
Connection Chemical distributes throughout North America. It was founded in 2010.
“This transaction reflects our ongoing commitment to expanding the products and capabilities we offer our customers,” George Fuller, Shrieve CEO, said. “The Connection team has built a world-class business with industry-leading product import capabilities, deep supplier relationships, and a diverse product portfolio serving attractive end markets. In partnership with Frank and the Connection team, we look forward to delivering even greater value to our customers and supplier partners.”
Shrieve is a portfolio company of Gemspring Capital, a Connecticut-based private equity firm.
Shrieve markets nearly 1,500 products in more than 40 countries through four operating segments: chemical distribution, specialty lubricants and enhancers, energy products and services, and custom packaging.