Chemical distributor Shrieve Chemical Company recently acquired Connection Chemical, a full-service distributor of industrial chemicals and ingredients based in Newtown, Pennsylvania.
Terms of the transaction were not disclosed.
“I am excited to welcome Connection Chemical into the Shrieve Chemical family,” Shrieve CEO George Fuller said in a news release. “This transaction reflects our ongoing commitment to expanding the products and capabilities we offer our customers.
“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."
Founded in 2010, Connection has built a reputation as a trusted partner to a broad range of customers and suppliers, with stocking locations throughout the United States, multiple deep-draft storage tanks, and in-house logistics capabilities that seamlessly connect customers to the global chemical market, according to the companies.
The acquisition broadens Shrieve’s product portfolio and enhances its global sourcing capabilities. Additionally, the combination enables Shrieve, a Gemspring Capital company, to strategically extend its existing product lines to Connection’s customers while introducing Connection’s offerings to new and established clients.
“We are excited to partner with Shrieve and continue leveraging our global supply chain to deliver a consistent supply of high-quality products to customers across North America,” said Frank Farish, Connection president. “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.”