EMCO Chemical Distributors (“EMCO”), a leading distributor, custom blender, and packager of chemicals in North America, today announced it has agreed to acquire the assets and operations of Pride Chemical Solutions (“Pride” or the “Company”), a founder-owned distributor of industrial chemicals, primarily serving the Northeast Region of the United States. Financial terms of the transaction were not disclosed.
Founded in 1970 by Arthur Dhom Sr. and led today by Art Dhom Jr., Pride is headquartered in Holtsville, NY and is a longstanding distributor in the northeast region. With over 80 employees, Pride distributes, blends, and packages more than 3,000 SKUs to over 1,500 active customers across a wide range of end markets. The Company operates two distribution and packaging facilities and a dedicated delivery fleet that enables just-in-time deliveries.
“Our acquisition of Pride is the result of our strategy to expand EMCO’s geographic footprint not just organically, but also through M&A, targeted at highly complementary businesses,” said Frank Bergonzi, Executive Chairman of the Board of Directors of EMCO. “I have known and respected Art and the Pride management team for over 35 years. Together, we will invest in and support Pride and further build upon the Dhom’s remarkable legacy.”
Pride CEO, Art Dhom Jr., remarked, “Deciding what comes next for Pride was not something I took lightly. My father founded this company more than 50 years ago, but it was our employees, through their hard work, loyalty and dedication, who carried his vision forward and made Pride what it is today. That is why finding a partner who respects our name, our reputation, and our people mattered so deeply to me. I believe EMCO is that partner. To every member of the Pride family, past and present, thank you. I am profoundly grateful for everything you have given to this company, immensely proud of what we have built together, and excited to see the Pride legacy continue into this next chapter.”
Jim Holcomb, CEO of EMCO, stated, “Pride has a stellar reputation, enduring supplier relationships, a dedicated employee base, and unmatched infrastructure in its region. We believe these strengths underpin their position as a regional market leader, and we look forward to working with Pride’s management team to support its future growth along with EMCO’s.”
The transaction is subject to customary closing conditions. PKF Investment Banking acted as the exclusive financial advisor to Pride in this transaction.
About EMCO Chemical Distributors
EMCO Chemical Distributors is a leading distributor, custom blender, and packager of chemicals in North America. The company distributes and packages more than 300 million pounds of chemicals annually for over 4,000 customers across a variety of industries. EMCO operates eight distribution and packaging facilities, an application lab, and an environmental services facility. The company maintains a state-of-the-art ISO 8 Class 100,000 clean room, ISO 9001 certification, and is FSSC 22000 certified and recognized by the Global Food Safety Initiative.
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