August 11 2017, David R Brown
U.S. petrochemical marketer and distributor, The Plaza Group acquires Texas distributor, Conchemco
The Plaza Group, a leading international petrochemical marketing company based in Houston, Texas has acquired Conchemco, a fellow Texas-based marketer and distributor of chemicals and solvents for an undisclosed sum.
The acquisition of Conchemco is a great opportunity to expand our expertise in chemical distribution and marketingRandy Velarde
President and CEO of The Plaza Group
Founded in 1990, Conchemco began as an independent company based on in-home services of buying, selling and brokering chemicals, ultimately growing to become a multi-million-dollar company with national distribution. The company's core products are acetone, toluene, xylene as well as other major aromatic and aliphatic hydrocarbons.
Conchemco owner and CEO Tommy Mrazek commented, “We are excited to be part of a company that shares the common business principles of integrity, quality and a positive outlook on the future of our business.”
Randy Velarde, President and CEO of The Plaza Group, emphasized the tremendous strategic value of adding the Conchemco brand to The Plaza Group, and retaining the management team of Tommy Mrazek, Rich Olson and Steve Martin.
“The acquisition of Conchemco is a great opportunity to expand our expertise in chemical distribution and marketing, as well as grow our client base,” said Velarde. “The addition of these key players enhances the value of the acquisition and fortifies future growth plans for The Plaza Group.”
About The Plaza Group
Founded in 1994 and headquartered in Houston, The Plaza Group is an international marketing company of refinery and petrochemical products with annual revenues in excess of USD 100 million. The company markets and distributes certain refining and chemical products for Husky Oil, CEPSA, Mitsui, Olin, Versalis, Shell, Valero, Alon, Southern and Total Petrochemicals.
Source(s): The Plaza Group Press Release