Brenntag acquires distributor of production chemicals for the oil and gas industry based in Texas
Brenntag has acquired The Treat-Em-Rite Corporation (TER Corporation), a chemical distribution company in the oil and gas industry based in Texas, USA. TER Corporation has been providing production (well treating) chemicals and specialized services, which help to optimize a well’s productivity, to customers operating in South Texas for the past 25 years.
William Fidler, Member of the Management Board and CEO of Brenntag North America: “The acquisition of TER Corporation is a great strategic fit, especially from a geographic point of view. The company is located in the Eagle Ford Shale, one of the fastest growing natural gas shale areas in the USA. This location will increase our future growth potential in this strategic business segment.”
TER Corporation offers cross selling opportunities with other products from Coastal Chemical, a subsidiary of Brenntag North America, and their existing customers. For the financial year 2011 the company generated sales of USD 11.2 million.
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