On Monday, Dunleary Inc., a Baltimore-based regional specialty chemical distribution company, announced it plans to acquire Massachusetts-based D. N. Lunkens and Texas-based D & F Distributing. Together, the companies cover several markets, including food, cosmetics, construction, plastics, textiles, gas, graphic arts, oil and CASE – coatings, adhesives, sealants and elastomers.
Dunleary CEO David Behan did not disclose the terms of the deal, but said it was subject to customary due diligence and should close by the end of August.
The deal will allow the 68-year-old company to double its workforce and serve over 4,000 customers in 28 states, as one of the leading specialty chemical distributors in the country. Dunleary will undergo a rebranding by the end of the year, but will remain in Maryland.“This move enables us to collectively meet and exceed the demands of our key business partners with even greater innovation, imagination and expertise. Said CEO David Behan. “The best specialty chemical distributors in America have always been the same family enterprises and entrepreneurs that live and work in the same ecosystem as their customers and their families. This has been true of our companies and we are all committed to this heritage.”
Dirk Plas has been hired on to manage the growth of the company. Plas is most notable for his role as president and CEO of BYK USA, a role that he held for the past 14 years. William Chestnutt has been named president and John Lukens will take over as CEO.