EMCO Chemical Distributors to Acquire Pride Chemical Solutions

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Postmedia has not reviewed the content. by Business Wire EMCO Chemical Distributors to Acquire Pride Chemical SolutionsAuthor of the article:PRAIRIE, Wis. — EMCO Chemical Distributors (“EMCO”), a leading distributor, custom blender, and packager of chemicals in North America, today announced it has agreed to acquire the assets and operations of Pride Chemical Solutions (“Pride” or the “Company”), a founder-owned distributor of industrial chemicals, primarily serving the Northeast Region of the United States. Financial terms of the transaction were not disclosed.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountFounded in 1970 by Arthur Dhom Sr. and led today by Art Dhom Jr., Pride is headquartered in Holtsville, NY and is a longstanding distributor in the northeast region. With over 80 employees, Pride distributes, blends, and packages more than 3,000 SKUs to over 1,500 active customers across a wide range of end markets. The Company operates two distribution and packaging facilities and a dedicated delivery fleet that enables just-in-time deliveries.“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,” said Frank Bergonzi, Executive Chairman of the Board of Directors of EMCO. “I have known and respected Art and the Pride management team for over 35 years. Together, we will invest in and support Pride and further build upon the Dhom’s remarkable legacy.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againPride CEO, Art Dhom Jr., remarked, “Deciding what comes next for Pride was not something I took lightly. My father founded this company more than 50 years ago, but it was our employees, through their hard work, loyalty and dedication, who carried his vision forward and made Pride what it is today. That is why finding a partner who respects our name, our reputation, and our people mattered so deeply to me. I believe EMCO is that partner. To every member of the Pride family, past and present, thank you. I am profoundly grateful for everything you have given to this company, immensely proud of what we have built together, and excited to see the Pride legacy continue into this next chapter.”Jim Holcomb, CEO of EMCO, stated, “Pride has a stellar reputation, enduring supplier relationships, a dedicated employee base, and unmatched infrastructure in its region. We believe these strengths underpin their position as a regional market leader, and we look forward to working with Pride’s management team to support its future growth along with EMCO’s.”The transaction is subject to customary closing conditions. PKF Investment Banking acted as the exclusive financial advisor to Pride in this transaction.About EMCO Chemical DistributorsEMCO Chemical Distributors is a leading distributor, custom blender, and packager of chemicals in North America. The company distributes and packages more than 300 million pounds of chemicals annually for over 4,000 customers across a variety of industries. EMCO operates eight distribution and packaging facilities, an application lab, and an environmental services facility. The company maintains a state-of-the-art ISO 8 Class 100,000 clean room, ISO 9001 certification, and is FSSC 22000 certified and recognized by the Global Food Safety Initiative.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.