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.
- Targets
- Saconix LLC
- Sellers
- Copperbeck Energy Partners LLC
- Industry
- Industrial Services
- Location
- Georgia, United States
- Transaction Type
- Buyout
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