Blumenthal Acquires Majority Stake in Terresolve

Press Release
Tuesday, January 22, 2013

Blumenthal Holdings, Radiator Specialty Company (RSC) LLC owners, acquire a majority stake in Terresolve Technologies, Ltd.

 

Terresolve Technologies, LTD, is a leading manufacturer of biobased hydraulic and functional fluids and lubricants for the offshore marine, marine transport, oil and gas and turf care industries. The acquisition will complement RSC’s existing business, RSC Bio Solutions, LLC, and further solidify the company’s commitment to delivering high performance chemistries that do not negatively impact the environment or the employee safety of their industrial customers.

 

RSC Bio Solutions, a sister company to Radiator Specialty Company and RSC Chemical Solutions, is focused on providing high performance cleaning, degreasing and lubricating products that are safe, non-hazardous and environmentally responsible. In November 2010, RSC announced the formation of RSC Bio Solutions following Blumenthal Holdings’ acquisition of a minority stake in Terresolve Technologies.
 
“Blumenthal Holdings’ acquisition of Terresolve Technologies deepens RSC’s commitment to this emerging market area and further establishes a business platform dedicated to providing solutions for environmental and workplace hazards,” said Mike Guggenheimer, Vice President of Business Development for RSC Bio Solutions. “With the increasing demand for  biodegradable products that can perform alongside their petroleum counterparts, the controlling stake in Terresolve Technologies gives RSC Bio Solutions a significant advantage by allowing us to bring to market a robust line of environmentally safe performance chemistries.”
 
With more than 50 different products serving a wide variety of industries and a 17-year track record, the Terresolve EnviroLogic brand offers a wide variety of biodegradable products, from hydraulic fluids and gear oils for marine transport and offshore oil and gas operations to power fluids for commercial turf care, which have been tested and proven in some of the toughest environments possible.

Terresolve currently serves the offshore marine, marine transport, turf/golf course maintenance, clean energy and fleet markets. The acquisition will expand RSC Bio Solutions’ offerings as the company makes Terresolve’s full range of products available to new and existing customers.
 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Contracts

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

Finance

Saudi SABIC Q1 Profit Falls 1.8 % On Product Prices

Profit at Saudi Basic Industries Corp (SABIC), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Environmental

France's Oldest Nuclear Plant Shut Down After Incident

France's oldest nuclear power plant, Fessenheim, was shut down on Saturday following an incident at the facility away from the reactor which did not pose any danger, operator EDF said.

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Years After BP U.S.Oil Spill: Compensation Battle Rages

Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.

Fuels & Lubes

Saudi SABIC Q1 Profit Falls 1.8 % On Product Prices

Profit at Saudi Basic Industries Corp (SABIC), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower

Bunker Specialists Endofa Name Hoffmann CEO

Endofa, an independent marine fuel supplier and bunker trader, informs it has named Lars Hoffmann as Chief Executive Officer. Prior to joining Endofa, Hoffmann

YPF Tenders to Buy Fuel Oil for June

State-run oil company YPF launched its second fuel oil tender in April, this time to buy two 50,000 metric ton cargoes (some 375,000 barrels each) to be received

Mergers & Acquisitions

PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported.

Inchcape Shipping Services Opens in Venezuela

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz,

Van Oord acquires 100% control of Dravo

Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A.  Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1258 sec (8 req/sec)