Polymer Solutions Group, a leading developer of specialty polymers and additives headquartered in the US, has announced that the company has acquired the assets of Phoenix Chemical Company, Inc., a specialty chemical manufacturer and distributor focused on the carpet, textile, water treatment, and household, industrial, and institutional chemicals markets.
Phoenix Chemical brings to PSG significant market expansion, technical, and manufacturing capabilities, and enhanced logistics that complement PSG’s other business units; in particular, Peach State Labs (“PSL”), Flow Polymers, and SASCO Chemical.Polymer Solutions Group, a leading developer of specialty polymers and additives headquartered in the US, has announced that the company has acquired the assets of Phoenix Chemical Company, Inc., a specialty chemical manufacturer and distributor focused on the carpet, textile, water treatment, and household, industrial, and institutional chemicals markets.#
Mike Ivany, president and chief executive officer of Polymer Solutions Group said, “The addition of Phoenix Chemical to PSG will allow us to further build our functional materials business unit. Phoenix Chemical brings unique skills and capabilities, and we look forward to all our businesses supporting each other as we build the PSG platform. We are fortunate that John Bryant will be staying on to lead the Phoenix Chemical business.”
John Bryant, president of Phoenix Chemical said, “I am delighted with the sale of our Phoenix Chemical business to PSG. We have built a great business and combining it with the PSG platform allows us to continue our growth with expanded technology and manufacturing resources. Our customer relationships are key to our success, and with PSG, we expect to be able to expand our offerings and enhance our ability to add value.”
The assets of Phoenix Chemical and its affiliated entities, New South Distribution, Inc. and Olive Branch Distribution, Inc., are being acquired by Phoenix Chemical Company LLC, a newly formed subsidiary of PSG. (GK)
Fibre2Fashion News Desk – India
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