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IHS acquires Chemical Market Associates Inc.

May 06/2011

(Plastics Today) -- IHS Inc.has acquired petrochemical consulting business, Chemical Market Associates Inc.(CMAI), making the highly regarded analyst of chemicals and plastics markets its fifth acquisition through the first four months of 2011.

IHS Chairman and CEO Jerre Stead said in a release that CMAI's unique and proprietary chemical information, analysis business, and price discovery consulting made the firm attractive to IHS and will be complementary to its own commodities and cost information offerings.

The company has been building out its chemicals and energy businesses of late. In 2010, IHS acquired portions of the chemical and energy portfolio business assets of Access Intelligence and Emerging Energy Research LLC, and earlier this year, it purchased oil and gas consultancy, ODS-Petrodata. IHS had long targeted the energy market. In 2004, it purchased Cambridge Energy Research Associates (CERA), and in 1996, it bought Petroconsultants S.A.

Founded in 1979, CMAI provides market and business advisory services for the global chemical, plastics, fibers, and chlor-alkali industries. It is headquartered in Houston, but in recent years has expanded its locations reflecting shifts within the petrochemical industry while also giving it a presence in all the world's major markets. The company currently maintains a direct presence in Bangkok, Dubai, Dusseldorf, London, New York, Shanghai, and Singapore.

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