This acquisition expands Shrieve's presence in the European market, enhancing its product offerings and support capabilities for customers across the continent
Shrieve Chemical Company a prominent value-added chemicals distributor and a portfolio company of Gemspring Capital, announced the acquisition of Carbon Chemicals Group Ltd. Carbon Group, based in Ringaskiddy, County Cork, Ireland, is a well-established, full-service distributor specializing in specialty chemicals, food ingredients, pharmaceutical raw materials, and agriculture products. While the specific terms of the transaction were not disclosed, this acquisition marks a significant move for Shrieve.
Founded in 1967, Carbon Group has built a robust reputation over decades, serving a diverse clientele ranging from local enterprises to large multinational corporations. The company distinguishes itself through its extensive global sourcing network, robust contract manufacturing capabilities, bespoke packaging solutions, deep technical expertise, and specialized storage facilities. These attributes have enabled Carbon Group to consistently deliver best-in-class service to both its customer base and supply partners, positioning it as a key player in its respective sectors.
The integration of Carbon Group into Shrieve's portfolio is expected to yield substantial benefits, most notably by significantly broadening Shrieve's geographical footprint within the specialty chemicals market. This expansion will enhance Shrieve's ability to provide comprehensive support to its growing customer base throughout Europe. Furthermore, the combination is poised to unlock considerable strategic opportunities. Shrieve intends to leverage its expanded product offerings to serve Carbon Group's existing customers more comprehensively, while simultaneously introducing Carbon Group's specialized solutions and deep industry knowledge to Shrieve's established clientele. This cross-pollination of product portfolios and expertise is anticipated to create synergistic value for both companies' stakeholders.
Geoff Broglio, Managing Director at Gemspring Capital, expressed enthusiasm for the acquisition, stating, "We are happy to welcome Carbon Group into the Shrieve Chemical family. This investment reflects our ongoing commitment to expanding the specialty chemical product portfolio and capabilities that Shrieve can offer its customers." He further added, "We are excited to partner with Brian and the Carbon Group team to build on their reputation for exceptional customer service, deep technical expertise, and global sourcing and compliance capabilities."
Brian Walsh, Managing Director of Carbon Group, echoed this positive sentiment, emphasizing the alignment of values. "Partnering with Shrieve marks an important step in continuing our legacy of delivering intelligent solutions to our customers and suppliers," Walsh commented. "Our shared values and commitment to customer service make this partnership a perfect fit, and we look forward to continuing to provide the same world-class service and reliability that our customers and suppliers value as part of the Shrieve organization."
