ALBUQUERUE, NM, October 16th, 2019 – Rinchem Company, Inc., an Albuquerque-based Chemical Management Services corporation, proudly announces the acquisition of trucking business, Carolina Tank Lines based in Burlington, North Carolina.
Carolina Tank Lines (“CTL”) offers transportation services focused on medical instruments and supplies as well as diagnostics and food industries. Their service model complements Rinchem’s mission of being the most responsive provider of logistics and chemical management services. The acquisition will also be a valuable addition to the current fleet of transportation assets within the growing Rinchem logistics network.
“Our acquisition strategy is focused on adding partners based on specific capabilities that add to the growing suites of services offered by our business,” said Chuck Breinholt, Rinchem CEO. “CTL’s customer base will broaden Rinchem’s future abilities and help us expand our expertise in the pharmaceutical transportation and management areas.”
The former owner of CTL, Tony Capps, stated, “I was happy when the Rinchem team approached me about this acquisition. They are a like-minded, family-owned business and this change will allow me to step back from the business. I have worked with my friends and family for several decades and know that this move is ideal for everyone involved.”
This merger was facilitated by Chapman Associates and Rodey Law. Chapman Associates is a leading mid-market mergers and acquisitions firm specializing in logistics and transportation. Their Greensboro, NC office helped negotiate the agreement for the two companies. Rodey Law, based in Albuquerque, NM, focuses on mergers and acquisitions. Their team was responsible for executing the acquisition documents.
Rinchem Company, Inc. is a lead logistics provider of customized logistics solutions involving transportation, warehousing, and global freight forwarding services headquartered in Albuquerque, NM. Rinchem operates temperature-controlled warehouses that are customized to store both non-regulated and regulated chemicals and gases. These warehouses are located throughout North America and in parts of Europe, Asia, and the Middle East. Rinchem also oversees a fleet of highly-trained drivers with temperature-controlled trucks that are customized to transport chemicals and gases.