Global distribution firm Vinmar Group has acquired the team and some assets of e-commerce firm BluePallet and has renamed the business Vailent.
In a news release, officials with Vinmar in Houston said that Vailent is "an innovative digital platform provider" for the plastics and chemicals industry. They added that the acquisition will operate as a subsidiary of Vinmar focused on deploying digital commerce technologies across Vinmar's polymer and chemical distribution businesses.
Vailent "will bring substantial benefits" to Vinmar's global customer base, including streamlined onboarding and ordering, real-time visibility and tracking and enhanced customer service, officials said.
"We look forward to sharing this new capability with our suppliers and customers," Vinmar CEO Vishal Goradia said. Vailent President Patrick Salome, formerly of BluePallet, added the acquisition "marks a significant inflection point for our business that will propel us to new levels of innovation and growth."
Vinmar first invested in Austin, Texas-based BluePallet in 2021. The acquisition is Vinmar's third in the last three years. In early 2023, the firm acquired controlling interest in Syncot Plastics LLC, a recycler based in Belmont, N.C. In 2022, Vinmar bought recycler Green World Compounding of Spain.
Since its inception in 1978, Vinmar has expanded to employ more than 1,400 people, operate 58 offices and sell in more than 110 countries.