ICIS Announces Acquisition of Chemical Data (CDI)

RELX's ICIS announced today that it has acquired Chemical Data LLC (CDI), a leading supplier of U.Spetrochemical price benchmarks, market analysis and predictive analytics, in Houstonthe combined company will be able to build a global business map and provide trusted intelligence in major petrochemical markets around the worldFounded in 1979,CDI has more than 40 years of experience supporting trading and short-term planning decisions in the U.Spetrochemical industrypetrochemicals are an important part of the global supply chain, accounting for 96 per cent of all manufactured goodsthe chemical industry itself contributes $1.1 trillion to world GDPthe merger of the two companies will provide trusted and differentiated global price benchmarkdata, market analysis, forecasting and thought leadershipthis will enable customers to make more informed and timely decisions, which are becoming increasingly important during extremely volatile times of rapid changes in consumer demand and market dynamicsDean Curtis, CEO and President ofICIS, said, "We are committed to providing the highest quality data, analytics and insights to our customers in the global chemical industrythis will connect the market, lead to more informed decisions and ultimately optimize the use of the world's high-quality resourcesCDI is recognized as a leader in the U.Spetrochemical industrycombining CDI expertise with ICIS's leading positions in Europe and Asia, we can provide our customers with a broad, robust and comprehensive view of the world's major petrochemical markets" Curtis said: "We are delighted to welcome CDI to the RELX family this is a world-class team that brings market relationships and in-depth knowledge of the U.S petrochemical and plastics industries the combination of CDI and ICIS brings us closer to achieving our goal of providing our customers with the most timely and relevant information in the chemical industry "It's the perfect fit," said Jason Brown, president of CDI ICIS is an established benchmark provider of price benchmarks in several petrochemical sectors in Europe and Asia, and CDI has the same position in the United States these two companies have been the backbone of thousands of transactions around the world for decades, and our future strategy and beliefs in this key market are closely aligned combined with our deep expertise in their respective regions, we will bring tremendous benefits to our customers around the world and to the wider industry "ICIS Profile provides reliable, independent commodity intelligence services for the global energy, petrochemical and fertilizer industries we are a branch of RELX at ICIS, we help companies make strategic decisions, reduce risk, increase productivity and take advantage of new opportunities we make some of the world's most important markets more credible and predictable by providing data services, thought leadership and decision-making tools Because of our global presence, we can provide targeted, relevant intelligence that affects thousands of decisions across the supply chain every day we shape the world by connecting markets to optimize the world's valuable resources ICIS has a global team of more than 600 experts in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth RELX profile is a global provider of information analysis and decision-making tools for professional and commercial customers Group has clients in more than 180 countries and offices in approximately 40 countries employs more than 33,000 people, nearly half of whom are in North America Shares of parent company, RELX PLC, are traded on the London, Amsterdam and New York Stock Exchange under the following codes: London: REL; the company has a market capitalisation of about 35 billion pounds, or about 39 billion euros, or $44 billion CDI Introduction CHEMICAL DATA was established in Houston, Texas, in 1979 to provide timely and accurate analysis and forecasting of the rapidly changing U.S oil, petrochemical and plastics markets our customers worldwide, including investment, energy, petroleum, chemical and consumer products companies our customers also include many plastic processors and plastic consumers, large and small the early 1980s, the company was quickly accepted by the market mainly because of the real demand for high-quality market data and forecasts it provided this information covers and connects the oil and petrochemical industries, from crude oil to plastics we conduct monthly thorough reviews and surveys of each major oil and petrochemical market for analysis