Chemicals distributor Shrieve Chemical Co., The Woodlands, Texas, a portfolio company of Gemspring Capital, Westport, Conn., on Jan. 8 announced that it has acquired TLC Ingredients (TLC), Crest Hill, Ill., a distributor of food ingredients, industrial chemicals, and phenolic resins. Terms of the transaction were not disclosed.
Shrieve said the acquisition of TLC, which has a facility in the Midwest, expands Shrieve’s presence in the region and enhances the company’s ability to serve the growing food ingredients end-market. Additionally, it positions Shrieve to leverage its existing product lines to serve TLC’s high-growth specialty industrial customers who have relied on TLC, which was founded in 2001, as a supplier of Durez phenolic resins for more than two decades.
“I am thrilled to welcome TLC Ingredients to the Shrieve Chemical family,” said George Fuller, Shrieve CEO. “This acquisition underscores our commitment to excellence and focus on long-term growth as we look to thoughtfully increase our presence and the value-added services we can provide across the country.”
“The TLC team has built an exceptional business with an industry-leading distribution facility, long-standing supplier relationships, and a broad product offering that serves several attractive global end-markets,” Fuller continued. “TLC’s expertise, innovative approach, and customer focus aligns very well with our broader strategic vision. Together, we look forward to delivering enhanced value to our customers and supplier partners.”