July 29 2021, David R Brown
U.S. specialty chemicals distributor, Harwick Standard acquires Western Reserve Chemical
Distributor to the U.S. rubber, plastics and polymer-related industries, Harwick Standard Distribution Corp. has recently struck a deal to acquire specialty chemicals and intermediates distributor, Western Reserve Chemical, the company announced in a release on Friday, 29th July 2021.
This was a great opportunity to pair up two key suppliers in the rubber and plastics industriesErnie Pouttu
President of Harwick Standard Distribution Corporation
Based in Stow, OH, Western Reserve distributes rubber chemicals, resins, metallic oxides, mineral fillers, antidegradants, and other products to compounders and formulators of rubber, plastics, adhesives, sealants, and coatings. The firm operates warehouses in Ohio, Georgia and California, augmented by multiple other leased warehouses.
“Ron Anderson has built a very strong business that will be complementary to Harwick Standard and our brand. This was a great opportunity to pair up two key suppliers in the rubber and plastics industries,” said Harwick Standard President Ernie Pouttu in the release. “Western Reserve Chemicals' customer-focused culture makes it a natural fit.”
“This is a great opportunity to work alongside a great company. Now with over 130 years of combined experience in chemical distribution between our two companies, we look forward to continuing great service to our customers,” Ron Anderson of Western Reserve said in a statement.
Financial terms of the sale were not revealed. The company said it the integration of the two chemical distribution firms will be determined over the next several months.
About Harwick Standard Distribution Corporation
Servicing the U.S. rubber, thermoplastics and other polymer-related industries for more than 85 years, Harwick Standard is a management-owned and operated sales, marketing, and technical support organization headquartered in Akron, Ohio. Harwick Standard is ISO 9001:2015 registered, and operates a nationwide distribution network supplying products from more than 30 blue chip manufacturers. Harwick Standard is a member of the National Association of Chemical Distributors (NACD). In 2020 the company generated revenues of around USD 80M.
Source(s): Harwick Standard Distribution Corporation Press Release