Germany’s Brenntag acquires US chem distributor TER Corporation

16 July 2012 09:52  [Source: ICIS news]

LONDON (ICIS)--Brenntag has acquired The Treat-Em-Rite Corporation (TER Corporation), a chemical distribution company in the oil and gas industry based in Texas, the US, the German chemical distributor said on Monday.

Financial terms of the deal were not disclosed.

 “The acquisition of TER Corporation is a great strategic fit, especially from a geographic point of view,” said William Fidler, member of the management board and CEO of Brenntag North America.

“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,” he added.

TER Corporation provides production (well-treating) chemicals and specialised services which help improve a well’s productivity, Brenntag said.

By: Franco Capaldo
+44 (0)20 8652 3214

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