US Distributor Plaza Group Buys Conchemco

(c) Lichtmeister/Shutterstock
(c) Lichtmeister/Shutterstock

The Plaza Group, a chemical marketer and distributor based in Houston, Texas, USA, is to acquire Conchemco.

Located in Dallas, Texas, Conchemco markets and distributes chemicals and solvents. Its core products are acetone, toluene, xylene as well as other major aromatic and aliphatic hydrocarbons.

Randy Velarde, president and CEO of The Plaza Group said the acquisition of Conchemco is a great opportunity to expand its expertise and fortify future growth plans.

Financial terms and an expected completion date for the transaction were not revealed.

The acquisition is the second for the Texas company this year, having acquired Truth Chemical in January. Based in The Woodlands, Texas, Truth Chemical’s portfolio includes chemicals, fertilizers and specialty products.

According to industry journal ICIS Chemical Business, The Plaza Group is number 35 in its North American ranking of top distributors, with 2016 annual sales of $102 million.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

Free Virtual Event

Sustainability in Bioprocessing
Bioprocess Forum

Sustainability in Bioprocessing

Join us to explore hot topics in sustainable bioprocessing like the industrial potential of enzymatic synthesis, innovative biocatalysis techniques, and the use of digital twins in bioprocessing.