CLP Chemicals Acquisition

SHRIEVE PROUDLY ANNOUNCES THE ACQUISITION OF THE STYRENE BUSINESS UNIT AND OTHER ASSETS FROM CLP CHEMICALS, A MARKET-LEADING INDUSTRIAL CHEMICAL DISTRIBUTOR BASED IN HOUSTON, TEXAS.

Founded in 1991 and led by Chris Parker and John Spence, CLP Chemicals specializes in the distribution of styrene, acrylates, acetic acid, glycerin, and other niche chemicals. Focused on serving niche end-markets, CLP is known for its differentiated product slate and strong relationships with customers and suppliers in the chemicals market. CLP Chemicals will retain and continue to operate its glycerin business unit.

"With its commitment to customer service and long-standing supply relationships, CLP Chemicals is a compelling strategic fit with Shrieve. We are excited to partner with Chris Parker, John Spence, and the CLP team as part of our strategic plan to grow Shrieve's product portfolio and geographic footprint to serve growing global demand for specialty chemicals," Ted Threadgill, Chief Executive Officer, Shrieve.

"The combination with Shrieve is an exciting inflection point for the platform CLP has built, in styrene, acrylates, and acetic acid. With Shrieve's support, we are excited to offer our customers a substantially expanded product slate and serve new customers with the same leading customer service the market has come to expect from CLP. We are excited for the growth opportunities this combination presents for our customers, employees, and suppliers." Chris Parker - President, CLP Chemicals.

For more information, visit www.clpchem.com