Balmoral Funds completed the acquisition of Trecora Resources for $247m.

Balmoral Funds, a Los Angeles-based private equity fund, completed the acquisition of Trecora Resources, a provider of specialty hydrocarbons and specialty waxes, for $247m. "We are delighted to announce this transaction with Trecora and are eager to execute on its growth plan. Having followed Trecora for years, we're encouraged by its strong customer relationships and product demand. This is Balmoral's fourth acquisition in the chemicals sector and we are excited to contribute to Trecora's continued success as a private company," David Shainberg, Balmoral Managing Director.