TEXAS COMPANY ACQUISITION

TEXAS COMPANY ACQUISITION

十月 28, 2015
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by Bill
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CRS REPROCESSING SERVICES ANNOUNCES ACQUISITION OF TEXAS SOLIDS CONTROL COMPANY

oil-workers-croppedLouisville, KY (November 7, 2013) — CRS Reprocessing Services, LLC (CRS), a global provider of fluids reprocessing management headquartered in Louisville, Kentucky, today announced its acquisition of Kilgore, Texas-based Solids Solutions, LLC.

Solids Solutions’ employees, including key management personnel, will join CRS’ existing team of highly skilled professionals, operating as CRS Reprocessing Oil & Gas Services and reporting to Michael Heath, CRS’ global general manager.

Scott Massie, CEO of CRS, says the acquisition of Solids Solutions helps fulfill an essential part of CRS’ growth strategy in the oil and gas market, particularly in the Texas plays. “This acquisition allows rapid expansion of our footprint in Texas and adds new bases of operation to those already existing in both Texas and Pennsylvania.”

Massie pointed out that Solids Solutions strengthens CRS’ thirty-plus years of reprocessing experience. “The acquisition expands our range of solutions to include simple solids control as well as industry-leading reprocessing offerings that utilize our proprietary technologies. Combined, we can meet a broader set of customer needs and applications.”

Massie stated further that by acquiring Solids Solutions, CRS gains a stronger foundation for growth in the Texas market. “We are definitely in growth mode, and the acquisition of Solids Solutions allows us to build on the success CRS is already having there.”

About CRS Reprocessing Services

CRS is a global provider in fluid reprocessing management, offering people, technology and services to efficiently handle industrial fluids for manufacturing facilities. With more than 30 years of expertise and operations in the U.S., Europe and Asia, the company provides custom-built, on-site reprocessing and mobile facilities that economically transform used fluids back to customer-specified performance levels, allowing high-yield waste recovery and lower unit costs.

The company’s private-equity partners have a combined portfolio value in excess of $1 billion, giving it the capital resources to expand operations and deliver engineered reprocessing solutions worldwide.

 

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