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CHEMCENTRAL Acquires Assets Of Solchem Pty Ltd
July 25, 2005
CHEMCENTRAL has announced the completion of its acquisition of the assets of Solchem Pty, Ltd. of New South Wales, Australia, a major distributor to the coatings, industrial cleaners, and related industrial solvent markets. The newly acquired assets will be operated by CHEMCENTRAL Australia Pty. Ltd. William R. Hough, most recently senior vice president and director of Marketing for CHEMCENTRAL, has been appointed president of the new enterprise. Hough has been with CHEMCENTRAL in numerous management positions for 31 years. Over the last five years, Hough has been involved in the management of CHEMCENTRAL's joint venture company, DoveChemCentral, with operations in China, Malaysia, Indonesia, Singapore and Vietnam. He has also worked with the Indian and Middle East joint venture RishiChem. Hough will continue to serve on CHEMCENTRAL's Board of Directors. He will also serve on the Board of CHEMCENTRAL Australia Pty., Ltd., as well as the Board for both joint ventures.