Announced
Completed
Financials
Tags
Domestic
Friendly
Privatisation
Single Bidder
Public
Acquisition
Chemicals: Diversified
mineral properties
pipeline operator
petrochemical products
United States
Private Equity
Majority
Completed
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.