CALHOUN, Ga.—Polymer Solutions Group acquired Phoenix Chemical Co. Inc. in February as part of an effort to strengthen its position in the soft floor market and to broaden the reach of its product line, according to its president and CEO.
Based in Calhoun, PSG is a leading manufacturer of specialty polymers and additives and a portfolio company of venture capital firm Arsenal Capital Partners. It offers niche solutions serving customers in the rubber, wood, consumer, construction and medical industries. The acquisition of Phoenix Chemical was the latest in a string of purchases for PSG, which has eight manufacturing facilities and now employs more than 500 people in Georgia, Ohio and England.
Phoenix Chemical is a specialty chemical manufacturer and distributor focused on the carpet, textile, water treatment, and household, industrial and institutional chemicals markets. The acquisition allows PSG to gain further in-house knowledge in the formulated chemical systems area that allows for enhanced processes, performance and protection for its products, President and CEO Mike Ivany said.
"PSG and Phoenix were strong players in the carpet protection market and in soft floor covering and hard surfaces, and this acquisition gives us really strong technologies in this space and an incredible group of knowledgeable professionals," said Ivany, adding that about 100 new employees came to PSG as part of the acquisition with no layoffs. Phoenix Chemical President John Bryant also remained in a leadership role.
"Our goal is to build a platform that provides compound solutions and enhanced benefits across such market verticals as construction and the rubber manufacturing (mostly tire) industries," Ivany said.