Polymer Solutions Group Acquires Assets of Phoenix Chemical in Calhoun, Georgia
Phoenix Chemical is a specialty chemical manufacturer and distributor focused on the carpet, textile, water treatment, and household, industrial and institutional chemicals markets.
PSG is a manufacturer of specialty polymers and additives for the rubber, wood, consumer, construction, and medical industries. PSG was formed by Arsenal Capital Partners in 2015 with the acquisition of Peach State Labs in Rome, Georgia. Flow Polymers in Cleveland, Ohio, SASCO Chemical in Albany, Georgia and Alkon Solutions in Leeds, United Kingdom were added in 2016.
According to PSG officials, Phoenix Chemical brings to PSG significant market expansion, technical and manufacturing capabilities, and enhanced logistics that complement PSG’s other business units; in particular, Peach State Labs, Flow Polymers, and SASCO Chemical.
Mike Ivany, President & CEO of Polymer Solutions Group, said, “The addition of Phoenix Chemical to PSG will allow us to further build our Functional Materials Business Unit.”
“ Phoenix Chemical brings unique skills and capabilities, and we look forward to all our businesses supporting each other as we build the PSG platform. We are fortunate that John Bryant will be staying on to lead the Phoenix Chemical business,” he said.
“I am delighted with the sale of our Phoenix Chemical business to PSG. We have built a great business and combining it with the PSG platform allows us to continue our growth with expanded technology and manufacturing resources,” said John Bryant, President of Phoenix Chemical. “Our customer relationships are key to our success, and with PSG, we expect to be able to expand our offerings and enhance our ability to add value.”
The assets of Phoenix Chemical and its affiliated entities, New South Distribution, Inc. and Olive Branch Distribution, Inc., are being acquired by Phoenix Chemical Company LLC, a newly formed subsidiary of PSG.
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