ADI Acquires Assets of Chemical Market Resources
November 20, 2017
ADI Analytics LLC has acquired certain assets of Chemical Market Resources, Inc. (CMR), a Houston-based company that provides information, market intelligence, and analyses to the chemical, petrochemical, polymers, and plastics industries.
“CMR’s market, commercial, and technology consulting services in chemicals and polyolefins are a natural extension of ADI’s current offerings in oil and gas, energy, and chemicals,” said Uday Turaga, founder and chief executive officer of ADI. “The CMR asset acquisition is an important milestone for ADI and its pursuit of growth opportunities to expand value for existing and new clients.”
Under the terms of the agreement, ADI will acquire CMR’s intellectual assets related to proprietary and multi-client studies, conferences, training and development, publications, and research services. The combined knowledge, capabilities, and proprietary intellectual capital arising from ADI’s acquisition of CMR assets will provide comprehensive and distinctive advice to clients as derivative investments ramp up in North America, polyolefin and plastics demand grow in both volume and complexity globally, and new megatrends crystallize around mobility, digital technologies, energy efficiency, and climate change, the company stated.