Woodlands, TX-based industrial chemical compounds and lubricants distributor Shrieve Chemical Firm — a portfolio firm of Gemspring Capital — has acquired FIS Chemical substances Ltd.
Phrases of the transaction weren’t disclosed.
Based in 1980, FIS is a formulator, producer and distributor of high-performance chemical options headquartered in Aberdeen, Scotland, serving a spread of business sectors, together with oil and fuel, renewables, marine, hospitality and logistics.
Shrieve mentioned the acquisition expands Shrieve’s product portfolio and deepens its presence in key finish markets.
“This mix expands our capabilities and deepens {our relationships} with prospects throughout key industrial finish markets,” Shrieve CEO Joey Gullion mentioned in an April 21 new launch. “By bringing these groups collectively, we’re higher positioned to serve our prospects and suppliers whereas persevering with to construct on the sturdy relationships we’ve established. We look ahead to partnering with the FIS workforce as we execute on Shrieve’s long-term development technique.”
Shrieve operates via 4 enterprise segments: Industrial Distribution, Specialty Distribution; Specialty Lubricants; and Vitality Merchandise and Companies. Shrieve markets practically 1,500 merchandise throughout greater than 40 international locations.
“We’re happy with the enterprise we’ve constructed at FIS and are excited to affix the Shrieve platform,” mentioned Kenny Woods, Chief Government Officer of FIS. “Our shared dedication to delivering worth for patrons makes this a powerful strategic match, and Shrieve’s complementary product portfolio, world attain, and operational sources will additional improve our capabilities whereas preserving the client relationships and technical experience that outline FIS. I look ahead to persevering with to steer the FIS workforce as a part of the mixed group.”
