IHS Inc. (Englewood, CO) has acquired petrochemical consulting business, Chemical Market Associates Inc. (CMAI; Houston), 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....