Seegott announced the acquisition of Synergistic Performance.
CLEVELAND, Ohio — Seegott Inc. announced the acquisition of Synergistic Performance Corp. (SPC, a chemical distribution company, was formerly a division of Mini Fibers Inc. of Tennessee.)
Recognizing the synergy in some product lines such as U.S. Silica, Specialty Minerals, Barretts Minerals, Elementis Pigments and Franklin Minerals, Seegott approached Mini Fibers in early December 1998. The deal was finalized February 1, 1999. SPC sales were $12 million in 1998, and the acquisition is expected to add 20% to 30% in revenue to Seegott’s 1999 projected sales of $90 million.