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Harwick Standard, Western Reserve Chemical see value in purchase
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Harwick, Western Reserve see value in purchase
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Image courtesy of Western Reserve Chemical The company said it the integration of the two chemical distribution firms will be determined over the next several months.
Materials supplier Harwick Standard Distribution Corp. recently struck a deal to acquire specialty chemicals and intermediates distributor Western Reserve Chemical, the company announced in a release Friday.
Based in Stow, OH, Western Reserve distributes rubber chemicals, resins, metallic oxides, mineral fillers, antidegradants, and other products to compounders and formulators of rubber, plastics, adhesives, sealants, and coatings. The firm operates warehouses in Ohio, Georgia, and California
“Ron Anderson has built a very strong business that will be complementary to Harwick Standard and our brand. This was a great opportunity to pair up two key suppliers in the rubber and plastics industries,” said Harwick Standard President Ernie Pouttu in the release. “Western Reserve Chemica
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Ron Anderson (left) and Ernie Pouttu shake hands after Harwick Standard closed on a deal to acquire Western Reserve Chemical.
AKRON An entity of Harwick Standard Distribution Corp. has purchased Western Reserve Chemical Corp. in a deal involving two Northeast 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.
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