Duff & Phelps is pleased to announce that Chemical Specialists and Development, Inc. (aka “CSD” and “Startex Chemical”), has been acquired by Nexeo Solutions, LLC.
CSD is a leading value-added packager, specialty blender, and distributor of solvents, fuel additives, lubricants and oilfield chemicals. The Company’s operating units offer formula preparation, contract and custom chemical packaging, custom chemical blending, chemicals distribution, laboratory testing, and logistics. CSD’s chemical testing laboratories perform a wide range of tests including LPG Testing and vapor pressure tests. CSD services more than 1,500 customers in the paint and coatings, automotive, oilfield, industrial, specialty chemical, and other industries. The Company is headquartered in Conroe, Texas.
About Nexeo Solutions
Nexeo Solutions, LLC (“Nexeo”), is the largest global chemical, plastics and composites distributor with a centralized business model. Operating in over 70 countries worldwide, Nexeo offers over 27,000 products used in a broad cross section of industries, including construction, chemicals manufacturing, energy, paints and coatings, automotive, healthcare, marine, and personal care. Nexeo distributes these products through approximately 160 owned, leased or third party warehouses, rail, barge and tank terminals in North America, EMEA and Asia. The company provides broad logistics capabilities, in-depth market knowledge, dedicated technical expertise and Environmental Services. As a private company employing approximately 2,500 employees, Nexeo connects a network of over 1,100 suppliers with a diverse base of more than 27,000 customers.
Duff & Phelps was engaged as the exclusive financial advisor to CSD and provided merger and