Ancala completed the acquisition of a portfolio of pipeline-connected sites and storage facilities from Hexion.

Ancala, an infrastructure manager, completed the acquisition of a portfolio of pipeline-connected sites and storage facilities for the production, storage and transportation of critical chemical intermediates from Hexion, a producer of adhesives and performance materials. Financial terms were not disclosed. “Valentra’s assets play a critical role in supporting leading global chemicals companies in manufacturing chemicals that are essential to a diverse range of end markets. The portfolio’s infrastructure qualities, well invested asset base and long-standing customer relationships make it a natural fit for Ancala’s strategy. We will be working closely with Alex and the Valentra team to build on the portfolio’s strong operational track record," Lee Mellor, Ancala Partner.