Archway Sales Inc., a chemical distributor with $250 million in revenue and 120 employees, including 50 in the St. Louis area, was acquired by a large Texas company for $125 million. Nexeo Solutions, based in Woodlands, Texas, is a $4.4 billion global distributor of chemicals, plastics and composites and also provides environmental services.
Jack Baumstark Sr., who founded Archway in 1968, will remain with the company as chairman for one more year as a consultant. Two of his sons will continue to lead the company’s marketing efforts. During the past decade, Archway has acquired four companies.