Intrepid-backed Tivoli Midstream completed the acquisition of Chocolate Bayou assets from Ascend Performance Materials.

Intrepid-backed Tivoli Midstream completed the acquisition of Chocolate Bayou assets, strategic terminal and infrastructure assets located in the Gulf Coast of Texas in Brazoria County, from Ascend Performance Materials, a producer of PA66. Financial terms were not disclosed. “With our acquisition of the Chocolate Bayou Assets, we are excited to create a leading Gulf Coast infrastructure hub. We have significant history operating in the Gulf Coast and have long been impressed by the quality, scale, and diversity of the Chocolate Bayou Assets. We look forward to welcoming and providing customized solutions for our customers at our new facility," Rance Fromme, Tivoli President.