Mays Chemical buys distributor in Puerto Rico
By Susan Avery -- Purchasing, 3/17/2008 8:31:00 AM
Mays Chemical Co. has acquired the assets of Ochoa Industrial Sales Corp. in Puerto Rico. The new company will operate under the Mays-Ochoa name on the island.“This is truly a strategic move for Mays Chemical,” says Bill West, senior vice president and chief operating officer at Mays Chemical in Indianapolis, Ind. “With all the consolidations in the chemical distribution industry, there are very few markets where a privately-owned distributor could be the largest player in a given market area. We feel we have achieved that in Puerto Rico. And it certainly enhances our ability to serve our combined customer base there.”
Ochoa, a 56 year-old business, has revenues of more than $35 million for 2007. Mays has 2007 revenues of $160 million, and places at number 18 on Purchasing’s Top 100 Chemical Distributor list for 2007.
“The company’s primary focus is serving the industrial and pharmaceutical segments, which is a nice complement to Mays’ historical focus on the food, pharmaceutical and personal care markets,” says Richie Pickens, director of sales at Mays.
Rafael Marti, who was general manager of Mays Chemical in Puerto Rico, will manage the new entity.
Mays Chemical is a minority-owned chemical distributor.
See also: Chemical distribution report: Electronics industry strives to get the chemistry right.
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