Shrieve Chemical Company Acquires FIS Chemicals
Shrieve Chemical, a global distributor and Gemspring Capital portfolio company, has acquired FIS Chemicals, a Scotland-based formulator and manufacturer of high-performance chemical solutions. This acquisition expands Shrieve's product portfolio and strengthens its presence in key industrial sectors like oil and gas, renewables, and marine. Both CEOs, Joey Gullion of Shrieve and Kenny Woods of FIS, expressed optimism for enhanced global capabilities, a broader combined portfolio, and strengthened customer relationships. Terms of the transaction were not disclosed.
Shrieve Chemical Company, a portfolio company of Gemspring Capital and a global distributor specializing in chemicals, announced its acquisition of FIS Chemicals. FIS Chemicals, founded in 1980 and headquartered in Aberdeen, Scotland, is a respected formulator, manufacturer, and distributor of high-performance chemical solutions. This strategic acquisition is set to significantly broaden Shrieve's product portfolio and deepen its market footprint across various industrial sectors, including oil and gas, renewables, marine, hospitality, and logistics. The companies anticipate that this combination will enhance their global capabilities, diversify their combined offerings, and strengthen relationships across a diverse set of industries. Joey Gullion, CEO of Shrieve, welcomed the FIS team, emphasizing that the merger expands capabilities and customer relationships, improving service for both customers and suppliers. Kenny Woods, CEO of FIS, conveyed his pride in the business and excitement to join Shrieve, highlighting the strong strategic fit due to a shared commitment to customer value. He noted that Shrieve's complementary product portfolio, global reach, and operational resources would augment FIS's capabilities while preserving its distinct technical expertise and customer relationships. Woods will continue to lead the FIS team as part of the combined organization. The specific terms of the transaction were not disclosed.
