Written on 07.04.2014 - Industry
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Nexeo Solutions acquires Archway Sales, Inc.

On 1 April 2014 chemicals distributor Nexeo Solutions announced that it has successfully completed the acquisition of Archway Sales, Inc. and Jacaab, LLC (Archway). 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.”

David Baumstark will serve as President and will continue to lead the business and operations out of its existing facilities.