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The Chemico Group Announces Name Change of Legal Entity

Name Change Completes Dissolution of the Former ChemicoMays Joint Venture


News provided by

The Chemico Group

Oct 04, 2018, 13:15 ET

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A leading supplier of chemical management services, ChemicoMays, LLC has changed its legal name to Chemico, LLC
A leading supplier of chemical management services, ChemicoMays, LLC has changed its legal name to Chemico, LLC

SOUTHFIELD, Mich., Oct. 4, 2018 /PRNewswire-PRWeb/ -- The Chemico Group, the largest veteran and minority-owned chemical management supplier, announces that ChemicoMays, LLC has changed its legal name to Chemico, LLC.  This name change marks the final step in the 2015 dissolution of the nine-year joint venture between Chemico and Mays Chemical. All business activities continue without interruption.

Leon C. Richardson, President and CEO of The Chemico Group commented: "Since acquiring 100 percent of the joint venture's chemical management business, we expanded our global presence, diversified our customer portfolio and grew the business by more than 50 percent – achievements for which I am extremely proud. While it was prudent for us to maintain the ChemicoMays name for continuity sake, it is important that we confirm the future direction of the business through a legal name change. We have developed our chemical management business into one of the largest black-owned businesses in the nation. We remain committed to delivering complete, efficient chemical lifecycle services that will help customers stay focused on their businesses."

Leon C. Richardson, President and CEO, Chemico Group states: "We have expanded our global presence, diversified our customer portfolio and grew the business by more than 50 percent. It is important that we confirm the future direction of the business through a legal name change."

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Formed in 1989, Chemico was created to provide research and development for sustainable nonhazardous paint and materials in automotive painting applications. Since then, The Chemico Group and its three business lines have become a leading supplier in chemical management services (Chemico, LLC), coatings removal, paint maintenance and industrial supply solutions. Chemico Systems has developed a systematic approach to provide customized paint maintenance and coatings removal solutions that exceed customer goals for safety, compliance, production and cost. Established in 2015, National Chemical Industrial Supply (NCIS) was formed for the distribution of strategic chemicals and other industrial supply solutions for customers and industries.  

The Chemico Group has received several awards from automotive manufacturers including: Superior Award for Distributors from Toyota Motor North America; General Motors' Supplier of the Year recognition for seven consecutive years; and Fiat Chrysler Automobiles (FCA) Supplier Diversity Award. This year, the company received the Minority Business Enterprise (MBE) of the Year award from the National Minority Supplier Development Council (NMSDC) and previously received NMSDC's Diamond Award, Board of Directors Award and Supplier of the Year Award for its business category.

About Chemico: Founded in 1989, The Chemico Group is an ISO-9001 and 14001 certified chemical management supplier specializing in integrated solutions for the entire chemical lifecycle — from procurement to on-site inventory management, distribution to environmentally conscious disposal. Chemico generates more than $120 million in annual sales and has experienced growth every year since inception. Its customers span across a variety of industries including automotive, aerospace, electronics and healthcare. With more than 400 employees and 10 facilities in North America, Chemico is expanding services to Europe and South America. For more information, visit http://www.thechemicogroup.com.

SOURCE The Chemico Group

Related Links

http://www.thechemicogroup.com

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