Shrieve Chemical Expands with Acquisition of Carbon Group
Deal News | Jun 23, 2025 | PR Newswire Cision Gemspring Capital
Shrieve Chemical Company, a portfolio company of the private equity firm Gemspring Capital, has announced the acquisition of Carbon Chemicals Group Ltd, an Ireland-based distributor of specialty chemicals and other materials. This strategic move is aimed at strengthening Shrieve's position in the specialty chemicals market and expanding its European footprint. The acquisition is expected to enhance Shrieve's product offerings and customer reach by leveraging Carbon Group's expertise and extensive customer base. Carbon Group, founded in 1967, offers a wide range of services, including global sourcing, contract manufacturing, and customized packaging. Gemspring Capital's Managing Director, Geoff Broglio, expressed his enthusiasm for the partnership, underscoring Shrieve's commitment to expanding its specialty chemical portfolio. Shrieve was supported by financial advisor Greenhill and legal counsel Paul, Weiss, Rifkind, Wharton & Garrison LLP during the transaction, while Carbon Group received advisory services from KPMG Corporate Finance and legal counsel from RDJ.
Sectors
- Chemical Distribution
- Private Equity
Geography
- United States – Shrieve Chemical is based in The Woodlands, Texas, and is expanding its operations through this acquisition.
- Ireland – Carbon Group, the acquired company, is headquartered in Ringaskiddy, County Cork, Ireland.
- Europe – The acquisition enhances Shrieve's footprint in the specialty chemicals market across Europe.
Industry
- Chemical Distribution – The acquisition involves Shrieve Chemical, a major player in chemical distribution, and Carbon Group, which distributes specialty chemicals and other materials.
- Private Equity – Gemspring Capital, the private equity firm backing Shrieve, plays a crucial role in facilitating this acquisition.
Financials
- $3.8 billion – The capital under management by Gemspring Capital, illustrating their capacity to support such acquisitions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shrieve Chemical Company | Acquirer | Company | A value-added chemicals distributor, expanding its specialty chemicals market presence through this acquisition. |
| Carbon Chemicals Group Ltd | Target Company | Company | An Ireland-based distributor of specialty chemicals, food ingredients, pharmaceutical raw materials, and agriculture products. |
| Gemspring Capital | Private Equity Firm | Company | A private equity firm managing $3.8 billion in capital, supporting Shrieve in its acquisition strategy. |
| KPMG Corporate Finance | Financial Advisor | Company | Served as lead advisor to Carbon Group on the transaction. |
| RDJ | Legal Advisor | Company | Provided legal counsel to Carbon Group during the transaction. |
| Greenhill | Financial Advisor | Company | Advised Shrieve Chemical on the acquisition, affiliated with Mizuho. |
| Paul, Weiss, Rifkind, Wharton & Garrison LLP | Legal Advisor | Company | Served as legal counsel to Shrieve. |