CRC Industries, Inc. Acquires ChemFree Corporation
WARMINSTER, Pa., April 1, 2015 /PRNewswire/ -- CRC Industries, Inc. announces the acquisition of ChemFree Corporation located in Norcross, GA, a subsidiary of Intelligent Systems Corporation, which is traded on the NYSE MKT under the symbol INS.
CRC Industries is a global leader in the production of specialty chemicals for maintenance, repair and operational professionals and do-it-yourselfers within the automotive, heavy duty truck, marine, electrical, industrial, hardware and aviation markets.
ChemFree Corporation manufactures the SmartWasher® Bio Remediating Parts Washing System, providing an alternative method for cleaning vehicle and maintenance parts without harming humans or the environment. The SmartWasher® system consists of the SmartWasher® parts washer, OzzyJuice® Degreasing Solutions and OzzyMats™ which are microbe impregnated filters. The ChemFree Smartwasher® product line is distributed in more than 40 countries and marketed under multiple patents.
The SmartWasher® system eliminates or dramatically reduces waste streams, as well as the expense of hazardous waste removal and associated liabilities. Combining the ChemFree product line and CRC's broad specialty chemical platform will create superior performance and enhanced environmental responsibility, as well as new product growth opportunities.
Scott Grey, CEO of CRC Industries, Inc., states, "Our mission is to satisfy the needs of general maintenance, auto repair and do-it-yourself markets for high quality specialty chemical products. This acquisition creates sustainable competitive advantages and values for our customers worldwide."
Tom McNally will continue as Vice President and General Manager of the ChemFree business. The manufacturing, sales, customer service, distribution and administration offices will remain headquartered in Norcross, GA and will report directly to Wayne King, President - CRC Americas Group.
About CRC Industries:
CRC Industries Inc., a worldwide industry leader, was founded in 1958 as Corrosion Reaction Consultants with a single product. Today the company's products are sold globally and CRC operates 26 facilities producing more than 80 million cans of aerosol products each year.
CRC trademarked brands include: CRC®, Ambersil, KF, Kontakt Chemie®, Sta-Lube®, K&W®, Marykate® and Kitten®.
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SOURCE CRC Industries, Inc.
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