The Woodlands, TX (November 10, 2022) – Shrieve Chemical Company, an international distributor and manufacturer of industrial chemicals, fluids, and specialty lubricants, announced on June 16 that it has acquired the assets of Independent Contract Packaging (ICP), Conroe, TX. ICP is a leader in small packaging, blending, warehousing and distribution serving some of the world’s leading lubricant, personal care, institutional and petrochemical companies.
Founded in 2004 by Oscar Botello, ICP is known for its safety, quality, and integrity in packaging. The company’s state-of-the-art 50,000 square foot warehouse will remain in Conroe, Texas. Botello will stay with the company as an important addition to the Shrieve team.
The acquisition allows Shrieve to better serve its current and potential clients by expanding its capabilities and streamlining the supply chain inefficiencies of small packaging and blending. ICP will be rebranded as Shrieve Performance Packaging (SPP) and is well positioned to continue its leadership in high quality liquid blending and packaging of lubricants and chemicals.
An ISO 9001 certified facility with 45MM gallon annual capacity. SPP has six production workshops and state-of-the-art high performance filling lines. SPP provides a variety of filling and blending capabilities for package sizes ranging from 1.5-ounce bottles to bulk tankers. SPP
“With the strategic acquisition of ICP, Shrieve can provide a differentiated service to our customers, allowing Shrieve to provide the safest and highest quality packaging services while eliminating a separate step in their supply chain,” said George Fuller, CEO of Shrieve. “We look forward to providing this service to our customers and continuing ICP and Shrieve’s commitment to safety, quality, and customer service.”
About Independent Contract Packaging
Since 2004, Independent Contract Packaging (ICP) has offered packaging, blending, warehousing and distribution services to some of the world’s leading petrochemical companies. ICP boasts the flexibility to offer a complete turnkey solution for lubricant packaging, warehousing, and distribution needs. For more information, visit www.icp-texas.com.
Shrieve, based in The Woodlands, TX, is a value-added marketer of industrial chemicals, performance fluids and specialty lubricants. The company markets and sells over 700 products into more than 40 countries from over 600 suppliers with support from manufacturing and research and development facilities in North America and Asia. Since its founding in 1978, Shrieve has been known for its market knowledge, consistency of supply, exceptional customer support and service, broad product slate and logistics capabilities. For more information, visit www.shrieve.com.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based private equity firm with $1.5 billion of capital under management, provides flexible capital solutions to lower middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth and value creation. Target companies have up to $500 million in revenue and are in the aerospace & defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors. For more information, visit www.gemspring.com.