Trecora Acquires Chemtrade's Lubricant Additives Business (Lawrence, KS)

Chemtrade Acquires Polytec, Inc.

November 21, 2025

Environmental Services

Chemtrade Logistics Income Fund completed the acquisition of Polytec, Inc., a southeastern U.S. turnkey water treatment solutions provider, for US$150 million. The deal expands Chemtrade's water-treatment chemicals platform by adding Polytec's service capabilities, products and end-market access (municipal and food-processing) to support cross-selling and Vision 2030 growth targets.

Balmoral Funds Takes Trecora Resources Private

July 27, 2022

Manufacturing

Balmoral Funds, LLC completed a take-private acquisition of Trecora Resources (NYSE: TREC) in June 2022 at $9.81 per share, supported by a $130 million senior secured term loan arranged by White Oak. Trecora, a Texas-based specialty petrochemicals and synthetic waxes manufacturer operating facilities near Houston, will be led as a private company to execute Balmoral's growth plan.

Lubrication Engineers (Aurora Capital) Acquires SWEPCO from Key Polymer (DalFort)

July 11, 2025

Manufacturing

Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired SWEPCO (Southwestern Petroleum Lubricants) from Key Polymer Holdings, an affiliate of DalFort Capital Partners. The transaction is an add-on acquisition intended to expand LE’s specialty grease and lubricants portfolio, including food-grade and industrial formulations; financial terms were not disclosed.

Vertellus Acquires Specialty Ingredients Businesses from Chemtrade

November 3, 2021

Manufacturing

Vertellus, a Pritzker Private Capital–backed specialty chemicals manufacturer, completed the acquisition of certain Chemtrade businesses that produce potassium chloride, caustic pellets and vaccine adjuvants. The deal expands Vertellus’ capabilities and product portfolio in the healthcare and pharmaceutical sectors and strengthens its manufacturing footprint for specialty ingredients.

Lubrication Engineers Acquires SWEPCO

July 10, 2025

Manufacturing

Lubrication Engineers (LE) has acquired Southwestern Petroleum Lubricants (SWEPCO) from an affiliate of DalFort Capital Partners. SWEPCO, founded in 1933, manufactures specialty greases and lubricating oils for industrial and food-grade applications; the deal expands LE's in‑house calcium sulfonate grease manufacturing capabilities and global distribution footprint. LE is a portfolio company of Aurora Capital Partners.

FBC Chemical Corporation Acquires TR Chem Solutions, LLC

October 31, 2025

Manufacturing

FBC Chemical Corporation has acquired specialty chemical manufacturer TR Chem Solutions, LLC in a transaction that closed on October 31, 2025. The acquisition expands FBC's product portfolio and supplier network, adding TR Chem's silicone fluids, specialty additives, industrial emulsions and food‑grade lubricants to FBC's distribution and toll‑blending capabilities.