Doe & Ingalls Inc., a chemical distribution firm in Medford, has been acquired by Doe & Ingalls Management LLC, an independent operation headquartered in Durham, N.C.
Both the Massachusetts company, founded in 1921, and Doe & Ingalls of North Carolina, the roughly 25-year-old subsidiary of the buying company, focus the chemical distribution business in the life sciences industry, as well as microelectronics. The combined company, Dow & Ingalls, now has a national customer focus in life science and microelectronics manufacturing.
Post-merger, the combined Doe & Ingalls will be based in Durham, N.C. and will employ Bill Varney of the Medford firm, in addition to Peter Liebman who will serve as advisor to the board. The company will maintain distribution facilities in Medford and Danvers, as well as in Jessup, Md.; Riverside, Calif.; Tampa, Fl.; and Durham, N.C.
No financial details of the acquisition were disclosed.
Doe & Ingalls is majority owned by private equity firm Poushine & Cook with investment from Anchor Capital.