Distributor Shrieve Chemical Makes Acquisitions in Chicago & Scotland - Modern Distribution Management

Distributor Shrieve Chemical Makes Acquisitions in Chicago & Scotland

FIS serves a range of industrial sectors that include oil and gas, renewables, marine, hospitality and logistics.
Shrieve

Woodlands, TX-based industrial chemicals and lubricants distributor Shrieve Chemical Company announced a pair of acquisitions on April 23 and April 21 — one in Chicago and one in Scotland.

Terms weren’t disclosed for either transaction.

Shrieve operates through four business segments: Industrial Distribution, Specialty Distribution; Specialty Lubricants; and Energy Products and Services. Shrieve markets nearly 1,500 products across more than 40 countries. The company said both acquisitions expand its specialty portfolio and deepen its presence across key end markets.

Vertec BioSolvents

In West Chicago, Shrieve acquired Vertec BioSolvents — a manufacturer of bio-based solvents founded in 2001. Vertec is a pioneer in bio-based solvent technology, developing proprietary and patented blends that the company says perform as well as or better than petroleum-based solvents. Vertec serves a diverse set of end markets, including agriculture, home, industrial & institutional (HI&I), coatings & inks, food and consumer brands.

“Vertec has built a strong reputation for innovative and sustainable chemistry, and we are pleased to welcome their team to Shrieve,” Schrieve CEO Joey Gullion, said in an April 23 news release. “This acquisition strengthens our ability to support customers as demand continues to shift toward more environmentally responsible solutions, and we’re excited to build on Vertec’s strong technical foundation.”

“We’ve built Vertec around innovation in sustainable solvents, and joining Shrieve provides an opportunity to accelerate that work,” added George “Skip” Laubach, CEO of Vertec. “With access to Shrieve’s broader platform, we can continue advancing our product development while expanding our reach to new customers and markets.”

FIS Chemicals Ltd.

In Aberdeen, Scotland, Shrieve acquired FIS Chemicals Ltd. Founded in 1980, FIS is a formulator, manufacturer and distributor of high-performance chemical solutions, serving a range of industrial sectors, including oil and gas, renewables, marine, hospitality and logistics.

“This combination expands our capabilities and deepens our relationships with customers across key industrial end markets,” Gullion said in an April 21 news release. “By bringing these teams together, we are better positioned to serve our customers and suppliers while continuing to build on the strong relationships we have established. We look forward to partnering with the FIS team as we execute on Shrieve’s long-term growth strategy.”

“We are proud of the business we have built at FIS and are excited to join the Shrieve platform,” said Kenny Woods, Chief Executive Officer of FIS. “Our shared commitment to delivering value for customers makes this a strong strategic fit, and Shrieve’s complementary product portfolio, global reach, and operational resources will further enhance our capabilities while preserving the customer relationships and technical expertise that define FIS. I look forward to continuing to lead the FIS team as part of the combined organization.”

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