Coleshill-headquartered Silmid has been snapped up by a US aerospace-focused specialty chemicals distribution giant.
Headquartered in Arlington, Texas, GracoRoberts supplies complex engineered materials for aerospace OEM and MRO segments, composites, electronics, and other advanced manufacturing industries.
The company caters to thousands of customers from more than 65 countries and all seven continents around the globe.
Silmid, which has a turnover of £20m, specialises in the on-demand supply of small volume orders primarily via its full service B2B ecommerce website, combined with a range of services, including inventory management, product repackaging and the packing and shipping of hazardous materials.
Andy Nickson, operations director of Silmid, said: The Silmid vision is founded on a philosophy of Silmid First – being the go-to destination and leading source for products and information.
ARLINGTON, Texas, March 4, 2021 /PRNewswire/
GracoRoberts announced that it has entered into an agreement to acquire UK-based Silmid to forge the largest aerospace-focused and specification-driven specialty chemicals distributor around the globe. The winning combination, including the December 2020 acquisition of Able Aerospace Adhesives, provides GracoRoberts with over 200 years of combined domestic and international aerospace expertise, most notably in the OEM, military and defense, and MRO markets. It offers the global aerospace community a larger portfolio of products and operational efficiencies in more warehouse locations, a streamlined customer experience through a standards-setting online distribution channel, and value-added services all in support of the evolving needs of its customer and supplier partners.
GracoRoberts Acquires Silmid to Significantly Expand Global Presence into UK and Europe and Become the Most Technically-Focused Aerospace Specialty Chemicals Distributor in the World newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.