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Ergon completes acquisition of Resinall

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Hydrocarbon Engineering,


Ergon Chemicals, LLC, a wholly owned subsidiary of Ergon Inc., has completed the purchase of Resinall Corp, Resinall Mississippi Inc., Industrial Transport Inc., and Resinall QALICB, LLC, (Resinall).

Resinall is a manufacturer of thermoplastic resins and polymers with manufacturing facilities in Hattiesburg, Mississippi, US, and Severn, North Carolina, US. This acquisition moves Ergon into the specialty chemicals market, building upon the company’s commitment to being a global leader in the refining and marketing of specialty products.

Resinall uses both natural and synthetic raw materials, chemical reactions and process equipment to create binders and elastomer modifiers for a wide range of industrial applications. Like Ergon, the company serves customers in the adhesive, tyre, ink, and specialty markets around the world.

“Resinall and Ergon are known for consistent supply of hydrocarbon specialty products and unparalleled customer service,” commented Emmitte Haddox, Ergon CEO. “The overlap in our key industries and customer base makes Resinall a perfect fit for the Ergon organisation. Ergon’s existing terminaling, trucking and waterways transport infrastructure, as well as our technical and operational expertise and support, will help Resinall achieve even greater success. Our company cultures are remarkably similar, with utmost importance placed on safety, employees, technology, quality products, and customer relationships.”

KeyBanc acted as exclusive sell-side advisor to Resinall on the transaction.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/03082018/ergon-completes-acquisition-of-resinall/

 

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