As the business-to-business sector continues to consolidate, online chemical industry giants ChemConnect and Envera on Thursday announced a merger, effective immediately. John Robinson, CEO of ChemConnect, will remain at the helm of the merged company, which will continue to develop Chem eStandards--software protocols it hopes other industry players will adopt. The closely held companies did not immediately disclose financial details of the deal.
San Francisco-based ChemConnect operates the World Chemical Exchange for buyers and sellers of chemicals and plastics. Richmond, Va.-based Envera develops e-commerce software for supply-chain management in the chemical and petroleum industries. "This is now the only virtual one-stop solution for all buyers and sellers of chemicals and plastics in companies of all sizes, around the world," said former Envera CEO Bob Mooney, a newly appointed member of ChemConnect's board of directors.