Rinchem Announces Combination with Dupré
Combined organization to receive
Through this transaction, Rinchem will complement its existing capabilities with Dupré's distribution and strategic capacity brokerage services. Rinchem will continue to manage critical cold-chain infrastructure, including high purity, pre-packaged chemicals and gases. Headquartered in
"We are thrilled to partner with the Dupré team to expand our logistics capabilities," said
Reggie Dupré, Founder of Dupré, said, "Rinchem is a very well-respected player in the transportation and logistics industry, as their warehouses and shipping capabilities make up the largest network of chemical and gas distribution centers in the world. We are looking forward to collaborating closely with the Rinchem team and leveraging their strong market position to grow the Dupré business."
In conjunction with the combination, Rinchem also announced that it has entered into a new money financing transaction with its lenders (together with the combination, the "Transaction"). Per the terms of the financing transaction, a substantial majority of Rinchem's lenders will, among other things, invest approximately
Financial terms were not disclosed. Following the completion of the transaction, Rinchem and Dupré will each maintain their respective headquarters, brands, and leadership teams.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as Rinchem's legal advisor and Houlihan Lokey Capital, Inc. served as its financial advisor.
About Rinchem
Rinchem Company, LLC, headquartered in Albuquerque,
About Dupré
Dupré is a privately held transportation company that provides innovative logistics solutions through its three distinct business divisions: Energy Distribution Services, Site and Private
Contacts
Rinchem
SVP, Chief Administrative Officer & General Counsel
(505) 345-3655
View original content:https://www.prnewswire.com/news-releases/rinchem-announces-combination-with-dupre-302671889.html
SOURCE Rinchem
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