Continued Consolidation in the U.S. Distribution Market
U.S. regional full-line distributor JNS-Smithchem, LLC (Paterson, NJ – United States) recently announced the acquisition of CheMarCo, Inc. (Greenville, SC – United States), a distributor of specialty chemicals with regional activities in the southeastern part of the country. CheMarCo was established in 1981 and besides additives from ca. 30 suppliers also distributes technical equipment.
The combined distribution territory covers 26 states, including the entire east coast, from New England to Florida and west to Ohio, Oklahoma, and Texas. The product lines focus on the Paints, Coatings, Inks, Adhesives, Building Materials, Plastics and Rubber amongst others. In 2019, JNS-Smithchem alone had sales of ca. USD 30 mn.
No financial details were disclosed on the transaction.
Source: JNS-Smithchem website, CheMarCo website
HGE – DCG / 08.02.2021