ChemicoMays and Mays Chemical End Joint Venture
Minority leaders in chemical management part ways after nine-year partnership
SOUTHFIELD, Mich., Feb. 12, 2015 /PRNewswire/ -- Chemico Group (Chemico) and Mays Chemical (Mays), today announced the end of their nine-year joint venture as ChemicoMays, LLC. Planning to focus on their own core competencies, the companies have finalized an amicable parting of ways that will allow them to continue to provide chemical management services through separate avenues, while still sustaining their longtime business relations.
Since coming together in 2006 to create the joint venture, ChemicoMays, Chemico President and CEO Leon Richardson and the late William Mays, CEO of Mays, have grown the chemical management firm's client list to include General Motors, Chrysler, Toyota, Honeywell and Delphi, among others. Achieving several great accomplishments from 2006 to 2015, the company expanded its operations to Mexico in 2007 and has since begun work in Europe as well, broadening the list of industries within which it worked to consist of automotive, defense, heavy manufacturing, biopharma and aerospace. Along the way, ChemicoMays also grew its revenue from under $1M in 1989 before the venture, to more than $100M heading into 2015, garnering numerous accolades from each of its clients and the business community as a whole for its exemplary practices. Moving forward, the two companies plan to maintain a business relationship, as Mays has agreed to supply Chemico with necessary chemical solutions in the future.
"Over the course of our nine-year partnership, Chemico and Mays Chemical have been able to maintain a mutually beneficial relationship that has fostered growth and innovation," said Richardson. "However, both companies feel that it's the appropriate time to focus on our business practices independently of one another, while still providing the level of service our customers have come to expect."
Opened in 1989, Chemico was originally created to provide research and development for nonhazardous paint and materials in automotive painting applications. However, over the course of 25 years and tremendous growth, the company once known primarily for chemical management, has grown to include a broad range of facility management services such as waste disposal, energy management, custodial services, operational maintenance, and other technical offerings. Although the environment has always been a priority for Chemico, these new developments come amidst the company's desire to provide a full line of sustainable solutions for clients through the complete management of facility needs, which further allows consumers to focus more efficiently on their businesses.
"We at Mays Chemical are extremely pleased with the progress made and the results achieved since the formation of ChemicoMays," said Kristin Mays-Corbitt, president of Mays Chemical. "Our number one goal for these ventures was to provide value-added services to our customers and to successfully grow our combined business. We could not be more proud of the success that we achieved and we wish them continued success!"
For more information about Chemico, please visit www.chemicomays.com or to learn more about Mays Chemical, visit http://www.mayschem.com/.
About Chemico, LLC
Chemico specializes in providing an integrated solution for the chemical lifecycle – from sourcing and procurement, to lean hands-on management, through environmentally conscious disposal. Founded in 1989, the organization has continued to experience positive growth year over year since its inception. Chemico serves customers across a variety of industries including automotive, aerospace, biotech and pharmaceuticals. The company operates more than 50 sites throughout the U.S., Canada and Mexico. Chemico's past and current customers include General Motors, Fiat-Chrysler, Ford, Eaton, Toyota, Boeing, Amgen, Delphi and Honeywell. For more information, visit www.chemicomays.com.
About Mays Chemical
Mays Chemical provides chemical products, consolidation programs, logistical and blending services to our customers' world-wide operations. Founded in 1980, we celebrate 35 years of successful partnerships across multiple industries. More information can be founded at: www.mayschem.com
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SOURCE Chemico, LLC; Mays Chemical
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