Meyer Lab Announces Strategic Acquisition of ITD Chemical
Deal News | Jan 06, 2025 | EIN
Meyer Lab, a leader in cleaning chemical solutions based in Blue Springs, Missouri, has acquired ITD Chemical, a prominent Atlanta-based manufacturer of industrial and specialty cleaning chemicals. The acquisition is a strategic move aimed at strengthening Meyer Lab's position in the industrial cleaning market by expanding its product portfolio and enhancing its presence in the Southeastern United States. ITD Chemical will function as an independent subsidiary under the leadership of its former owner, Joseph Daniel, who will now serve as General Manager. Both companies are focused on ensuring a seamless integration for all stakeholders, maintaining product quality, and exploring new growth opportunities. The acquisition aligns with Meyer Lab's long-term strategy of investing in talent, technology, and innovation to emerge as a leading national provider of cleaning chemical solutions.
Sectors
- Chemical Manufacturing
- Mergers and Acquisitions
Geography
- United States – Both Meyer Lab and ITD Chemical are based in the United States, with headquarters in Missouri and Georgia, respectively.
- Southeast United States – The acquisition enhances Meyer Lab's presence in the Southeast with ITD Chemical being based in Atlanta, Georgia.
Industry
- Chemical Manufacturing – The article involves companies within the chemical manufacturing industry, focusing specifically on industrial and specialty cleaning chemicals.
- Mergers and Acquisitions – The acquisition of ITD Chemical by Meyer Lab is a key event within the mergers and acquisitions sector, highlighting corporate growth and strategic expansion.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Meyer Lab | Acquirer | Company | A Missouri-based leader in industrial and institutional cleaning chemicals. |
| ITD Chemical | Target | Company | An Atlanta-based manufacturer of industrial and specialty cleaning chemicals. |
| Mike Miller | President of Meyer Lab | Person | The President of Meyer Lab overseeing the acquisition. |
| Joseph Daniel | General Manager of ITD Chemical | Person | Former owner and current General Manager of ITD Chemical post-acquisition. |
| Angie Wrye | Director of Marketing | Person | Marketing contact for Meyer Lab regarding the acquisition. |