Akron, Ohio — A unit of Harwick Standard Distribution Corp. has purchased Western Reserve Chemical Corp. in a deal involving two Ohio chemical distributors.
Terms of the deal were not disclosed.
The integration process will be mapped out over the coming months, but at this point, the two businesses will run in parallel with each other, according to a July 29 news release from Akron-based Harwick Standard. Western Reserve President Ron Anderson will continue to be involved in the business.
"Ron Anderson has built a very strong business that will be complementary to Harwick Standard and our brand," Harwick Standard President Ernie Pouttu said in a statement. "This was a great opportunity to pair up two key suppliers in the rubber and plastics industries. Western Reserve Chemicals' customer-focused culture makes it a natural fit."
Anderson said the deal enables his firm to "work alongside a great company."
"Now with over 130 years of combined experience in chemical distribution between our two companies, we look forward to continuing great service to our customers," he said.
Harwick Standard Distribution has serviced the rubber, thermoplastics and polymer-related industries for more than 85 years. It is a management-owned and -operated sales, marketing and technical support organization. The firm's technical sales team includes 11 geographically based employees. It has company-owned warehouses in Akron and Los Angeles, along with multiple leased warehouses.
Stow, Ohio-based Western Reserve Chemical is a distributor of specialty chemicals and industrial intermediates to compounders and formulators. It provides a broad range of Westco-brand chemicals, including antioxidants, rubber accelerators, tackifiers, retarders, waxes, styrenated phenol and others.