Sumitomo Corporation Acquires Saconix LLC

June 8, 2023

Sumitomo Corporation, through Sumitomo Corporation of Americas, has completed the acquisition of Saconix LLC from Copperbeck Energy Partners, making Saconix a wholly owned subsidiary of the Sumitomo Corporation Group. The deal adds sulfuric acid storage tanks and transloading facilities in the U.S. West and Gulf Coast, expanding Sumitomo's North American logistics capacity and boosting its global sulfuric acid trading and storage footprint.

Buyers
Sumitomo Corporation, Sumitomo Corporation of Americas
Targets
Saconix LLC
Sellers
Copperbeck Energy Partners LLC
Location
Georgia, United States
Transaction Type
Buyout

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