Market leaders in amine reclamation combine
ORG Chem Group (Chem Group) has acquired substantially all of the assets of MPR Services (MPR). The acquisition further expands Chem Group’s presence within the amines reclamation industry, and will introduce onsite reclamation capabilities delivered through mobile and permanent units. The combined organizations will be headquartered in Evansville, IN with additional facilities in Troy, IN, Hot Springs, AR and Alvin, TX.
Headquartered in Alvin, TX, MPR has been providing permanent and mobile reclamation services to the oil refining, natural gas / LNG facilities, petrochemical and ammonia / syngas industry customers since 1989, with proprietary technologies built for purifying gas treating amine solutions used for acid gas removal. Prior to the acquisition, MPR was a wholly owned subsidiary of Tessenderlo Kerley, a leader in producing and marketing specialty products used in the agriculture, mining, and chemical industries.
“MPR Services has been an integral part of Tessenderlo Kerley, Inc. for over 20 years. Their new journey as Chem Group MPR Services is destined to build on their success and chart their path to greater growth and opportunity,” said Russell Sides, Executive Vice President, Tessenderlo Kerley, Inc.
Chem Group is a leading fluid service provider to a diversified base of industrial sectors, as well as supplier of specialty products and technical services. Over its 40-year history, Chem Group has developed significant expertise in safe, efficient, and innovative strategies to extract significant residual value from a broad range of materials, driving sustainability in the value chains and markets the company serves. Chem Group is majority owned by an affiliate of private investment firm Owner Resource Group.
Chem Group CEO, Dave Carson, said, “We are excited to welcome the MPR team into our organization. Combining MPR’s expertise and focus with Chem Group’s technical capabilities is a very attractive opportunity. The acquisition strengthens Chem Group’s reclamation value proposition within markets of focus.”
The transaction received additional financing support from Cadence Bank NA. The transaction closed on August 16, 2021.
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