Graycliff Announces Diamond Chemical's Acquisition of Nyco Products

Graycliff Partners LP announced today that its portfolio company, Diamond Chemical Company, LLC ("Diamond"), a manufacturer of commercial and institutional soaps, detergents and warewash products, has acquired Nyco Products Company ("Nyco"), creating one of the leading independent providers of sanitization chemicals in the U.S.

Diamond, headquartered in East Rutherford, NJ, serves hospitality, food service, commercial laundry, and other institutional and industrial end markets. Founded in 1930, Diamond produces over four million pounds of product weekly from facilities on the East and West coasts, serving more than 1,000 customers across laundry, warewash, housekeeping, floor care, sanitizing, and pool care applications.

Nyco, based in Countryside, IL, manufactures specialty cleaning chemicals, including cleaners, disinfectants, sanitizers, and floor care products, for distributors serving facility maintenance, janitorial, food processing, healthcare, and education end markets. Founded in 1920, Nyco offers more than 450 stock and custom formulations, nationally -recognized brands, and its Building Better Brands® private chemical branding program.

"This combination is a transformative step for Diamond," said Wesley Alves, CEO of Diamond. "Nyco brings deep formulation expertise, a strong brand portfolio, and a Midwest manufacturing footprint that complements our coastal operations. Together, we can offer customers and distributors broader product availability and stronger national service.”

"The sale of our business to another dynamic company preserves our history and culture while ensuring that our customers continue to receive the same high level of quality, reliability, and service.” said Bob Stahurski, retiring CEO of Nyco. “In addition, we are excited to gain access to Diamond’s full line of product innovations. I am confident that our customers, partners, and legacy will continue to thrive under Diamond’s leadership.”

With over 200 years of combined industry experience, Diamond and Nyco look forward to leveraging their complementary product lines and coast-to-coast manufacturing footprint to drive continued growth. "Diamond and Nyco are exceptional businesses with deeply loyal customer bases built over generations," said Matt Smith, Principal at Graycliff. "We're excited that the Nyco team is joining Diamond and look forward to supporting the team and the combined organization in this next phase of growth."