Management and Investment Group Acquire Supply Chain Business of ChemConnect
Business will continue with existing management, products and services with expanded offerings in a wider spectrum of industries.
Houston, TX (PRWEB) August 21, 2007 -- Supply Chain Connect LLC announced today that it has completed its acquisition of the supply chain solutions business of ChemConnect, Inc. Existing management of the former ChemConnect business and a Houston-based private equity group own Supply Chain Connect. SCC will operate the ongoing business under the leadership of former ChemConnect Vice President and SCC CEO Michael Ereli and will continue to provide products and services to the chemical industry, but also to a broadened cross-section of industries.
"Over the past several years, we have steadily grown our customer base in terms of diversity of industries," said Mr. Ereli. "We are excited about the opportunity to continue building on the value added services we have developed at ChemConnect and expand both the customer base and product offering."
The company expects to continue its focus on delivering superior sourcing, sales and supply chain collaboration solutions. The SCC collaboration hub electronically connects suppliers and customers, creating opportunities to streamline and reduce costs in all phases of the source-to-pay business cycle. Additionally, SCC operates a variety of technology platforms that can provide the optimum solution for a broad range of negotiation dynamics.
Mr. Ereli said, "We will continue to enhance our capability to provide transaction platforms for execution and document collaboration for a variety of market conditions and industry dynamics."
(About Supply Chain Connect LLC) - Supply Chain Connect LLC is a Houston, Texas based company that develops and operates technologies that help its customers negotiate, transact and cost effectively process document flow between supply chain partners. SCC provides it's customers in the U.S., Europe and Asia with on-demand solutions that allow them to share critical supply chain management information with their business partners in real-time, enabling the entire supply chain to work faster, smarter, and more cost-effectively.
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