03 August 2007 20:33 [Source: ICIS news]
HOUSTON (ICIS news)--Southern Chemical Corporation (SCC), a leading supplier of methanol to North America, has expanded its distribution network by purchasing the remaining interest in Southern Garrett, company officials said on Friday.
The value of the transaction was not disclosed.
Southern Garrett will become a wholly owned subsidiary and will likely change its name, but no operational or logistical changes were anticipated, SCC president Jan Spin said.
“Today’s announcement is a significant step in our commitment to further expand our distribution network, enhance our customer service and add to the security of supply of methanol to our customers,” Spin said in a press release.
Southern Garrett distributes over 50m gal (150,000 tonnes) of methanol annually from terminals in the southern US, according to its Web site.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|