Description

The Company supplies a broad range of industrial chemicals to manufacturers and other end-users operating in a variety of industries. Markets include adhesives, coatings, inks, plastics, polymers and other diverse applications needing specialty chemicals. The Company represents a number of highly technical Tier 1 chemical producers and is a major chemical distributor covering the East Coast. There is a significant growth opportunity to grow market share in the Southeast, as well as throughout the rest of the Company’s service area.
The Company serves up to 1,500 customers annually, and many have been doing business with the Company for more than 15 years. Customers are distributed throughout 20 states, and in the first half of 2016 the Company added 60 new accounts.
Historically, the Company’s annual sales growth has consistently outpaced the industry. Management believes it can achieve 6% to 7% annual growth over the next several years. Achieving this growth would increase annual sales volume at near $30 million by 2020. Industry analyst project that strength in both residential and nonresidential building construction will stimulate demand for materials using the Company’s products, such as paint, coatings, adhesives and sealants.

Posted Oct 19, 2016

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