(The Woodlands, TX) – Trecora LLC, has acquired the lubricant additives business of Chemtrade Logistics based in Lawrence, KS. The business, one of North America’s leading producers of Phosphorus Pentasulfide (P2S5), will be part of Trecora’s Specialty Chemicals business headquartered in the Woodlands, TX.
Trecora is North America’s leading producer of high purity hydrocarbons. “We are extremely enthusiastic and committed to working with the talented team in Lawrence, KS to grow and innovate this already great business. This business complements our specialty chemical portfolio with its offering of unique and cost-effective solutions for constantly evolving lubricant requirements” said Brad Crocker, President and CEO of Trecora.
“We look forward to working with the P2S5 team in Lawrence, KS and continuing to grow the business as a division of Trecora. Similar to Trecora’s product offering, phosphorus pentasulfide is a mission-critical, consumable product that improves the effectiveness and reliability of key products most consumers take for granted. The future is bright for this business, and we are excited to be partnering with the team in Lawrence” said Richard Levernier, Principal at Balmoral.
Headquartered in The Woodlands, TX, Trecora is a recognized leader in high value, innovative materials contributing to our sustainable future. Trecora supports its customers, communities and planet through safe, efficient, and profitable upgrading of chemical and energy by-products reducing carbon emissions across the markets we serve.
Balmoral is a Los Angeles, CA based private equity fund that was founded in 2005. Balmoral’s objective is to be the financial partner of choice for entrepreneurial, emotionally intelligent, and successful C-suite executives and operating advisors creating transformative, revitalizing change in the businesses they co-invest in together. Balmoral has approximately $1.5 billion of assets under management. Balmoral typically invests in companies that have revenues between $30 to $500 million and require equity investments of $10 to $75 million, with the capability of doing more in particularly compelling opportunities.