HUNTINGDON VALLEY, PA — Chemical Concepts has acquired Perigee Direct, a Texas-based supplier of specialty consumables for science and industrial customers, expanding its product offerings and distribution network, the company announced.
Financial terms of the transaction were not disclosed.
Chemical Concepts said the acquisition adds product categories including plastic welding equipment, industrial lubricants and filling systems to its existing portfolio of adhesives and specialty chemicals. Perigee Direct supplies precision adhesives, resins, laboratory consumables and specialty chemicals and has operated for 19 years, according to the company.
Perigee Direct’s Texas operations will serve as a distribution hub for the combined company, a move Chemical Concepts said will reduce delivery times for customers in the Western and Southern United States and increase overall distribution capacity.
Andrew Morris, chief executive officer of Chemical Concepts, said Perigee Direct brings “deep expertise in specialty applications, strong customer relationships, and a Texas location that fills a critical gap in our distribution network.”
Matt Jackson, chief executive officer of Perigee Direct, said the companies share a focus on product innovation and customer service. “They offer exactly the scale and resource diversity that Perigee Direct needs to take our mission of transforming the industrial supply customer experience to the next level,” Jackson said.
Chemical Concepts said existing customer relationships will remain in place following the acquisition, with customers gaining access to a broader product portfolio and expanded technical support.
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