Why This Matters to Distributors: EMCO Chemical Distributors is expanding its Northeast presence through the acquisition of Pride Chemical Solutions, adding more than 80 employees, two distribution and packaging facilities and a business serving more than 1,500 active customers. The transaction is part of EMCO’s strategy to expand through acquisitions as well as organic growth.
EMCO Chemical Distributors has agreed to acquire Pride Chemical Solutions, expanding its Northeast operations with a chemical distributor that serves more than 1,500 customers from two distribution and packaging facilities.
Financial terms of the transaction were not disclosed. The deal is subject to customary closing conditions.
Holtsville, New York-based Pride, has more than 80 employees and distributes, blends and packages more than 3,000 SKUs for customers across a range of industries. The company also operates a dedicated delivery fleet that provides just-in-time deliveries.
For Pleasant Prairie, Wisconsin-based EMCO, the acquisition provides an established distribution operation in the Northeast and advances a strategy of expanding its geographic footprint through acquisitions and organic growth.
“Our acquisition of Pride is the result of our strategy to expand EMCO’s geographic footprint not just organically, but also through M&A, targeted at highly complementary businesses,” Executive chairman Frank Bergonzi said.
EMCO distributes, blends and packages chemicals in North America. The company manages more than 300 million pounds of chemicals annually for more than 4,000 customers and operates eight distribution and packaging facilities, an application lab, and an environmental services facility.
Pride was founded in 1970 by Arthur Dhom Sr. and is now led by his son, CEO Art Dhom Jr. The company has remained founder-owned for more than five decades.
Dhom said preserving the company’s identity and workforce was an important consideration in selecting a buyer.
“Finding a partner who respects our name, our reputation, and our people mattered so deeply to me,” Dhom said.
EMCO CEO Jim Holcomb said Pride’s supplier relationships, workforce and distribution infrastructure were among the factors that attracted EMCO to the business.
The transaction would add Pride’s Northeast distribution infrastructure, customer relationships, and delivery capabilities to EMCO’s existing network. EMCO did not disclose whether Pride will continue to operate under its current name or whether its facilities and employees will be integrated into EMCO after the transaction closes.
PKF Investment Banking served as Pride’s exclusive financial adviser on the transaction.
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