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In December 2009, Harvey & Company initiated the acquisition of Red River Specialties, which has grown to become a leader in industrial vegatative management solutions. In July 2011, Harvey & Company identified Townsend Chemical as a strategic add-on to Red River Specialties and initiated the acquisition. Below is the press release following the transaction:
Townsend Chemical Merges With Red River Specialties
August 2, 2011
Specialty Professional Products Inc. (SPP), parent company of ADAPCO Inc. and Red River Specialties Inc., has acquired Townsend Chemical LLC, an herbicide distributor that provides vegetation management products and services, such as those used in right-of-way maintenance for oil and gas pipelines.
Townsend Chemical will merge with and assume the Red River Specialties name, with the goal to grow the combined company’s industrial vegetative management (IVM) business segment to form an industry-leading distribution business. Red River Specialties, based in Shreveport, La., is a leading herbicide distributor in the forestry, IVM, range and pasture and aquatics markets.
The IVM market is a particular focus for growth for Red River Specialties, driven by population growth; regulation and industrial, maintenance and safety requirements. The merger will make Red River Specialties a clear IVM market leader, offering customers an enhanced level of service, a larger range of product choices and expanded regions that are streamlined for more comprehensive coverage.
“Our objective in combining these companies is to grow the industry leadership position each has earned, through a continued investment in people and products,” says Steve Burt, President and CEO of Specialty Professional Products. “We will maintain integrity as the cornerstone of our business, as well as an ongoing commitment to delivering
exceptional service and fostering our solid customer and valued partner relationships.”
Andy Pierce, who will assume the role of vegetation management division manager for Red River Specialties, adds: “Bringing to this position extensive experience dealing with customers’ needs in the industry, I look forward to working with the new team to ensure our customers receive the very highest quality of service.”
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