MOSCOW (MRC) -- Chemicals distributor Nexeo Solutions has announced that it has successfully completed the acquisition of Archway Sales, Inc. and Jacaab, LLC (Archway), reported GV.
Financial details were not disclosed.
The combined capability of Nexeo Solutions and Archway creates a full line distributor in the coatings, adhesives, sealants and elastomers (CASE) industry.
"Archway's speciality portfolio closely aligns with our end market strategy," said Nexeo Solutions' President and CEO, David Bradley. "The similarity in our business models and our complementary product portfolios make this the natural next step on our path to market leadership."
"We see this acquisition as a union of strengths," said Bradley. "Archway has a very strong sales force and excellent brand equity in the marketplace, which will maximise our opportunities for growth."
"I believe we can bring our expertise and best practices to a common platform to make us stronger and more competitive," said Jack Baumstark Sr., Chairman and CEO for Archway. "We strive to be the preferred choice that comes to the minds of employees, customers, and suppliers in speciality chemical distribution."
As MRC informed earlier, last September, Evonik Corporation’s High Performance Polymers Business Line announced a distribution agreement with chemicals, plastics and composites distributor Nexeo Solutions for VESTAMID, VESTAMID Care, TROGAMID and TROGAMID Care product lines used in medical device applications.
Nexeo Solutions is the largest global chemical, plastics and composites distributor and environmental services with a centralized business model. As a private company employing more than 2300 employees with operations across North America, Europe and Asia, Nexeo Solutions is a leading distributor of chemicals, plastics, composites and environmental services.