Rinchem Company, Inc | December 02, 2021
Rinchem Company, Inc., a global semiconductor services company, recently acquired two Dallas-area chemical warehouses from one of their competitors, LeSaint Logistics.
"Rinchem is continually working to set the standard in our industry. We have often competed with LeSaint in the chemical market, so it speaks volumes that Rinchem is in a position to purchase these two Dallas warehouses. With acquisitions like these, we are further solidifying our position as the premier 4PL partner in the semiconductor industry."
Rob Walker, Vice President of Finance at Rinchem
The Albuquerque-based company has seen a lot of growth in 2021. In the past year alone, Rinchem has expanded five different warehouses and secured business from one of the largest semiconductor companies in the industry. With this acquisition, Rinchem will go from 1 to 3 warehouses located in Dallas, TX. Rinchem plans to retain all employees who were previously employed by LeSaint.
Rinchem Company, Inc. is the largest network of chemical and gas distribution centers globally with over 4 billion pounds of chemicals and gases safely handled annually. They set the standard in creating and managing safe and efficient supply chains for high purity, pre-packaged chemicals and gases. Rinchem applies four decades of expertise, industry thought leadership, and logistics transparency in order to provide the most reliable, efficient, and cost-effective solutions for its customers. The primary industries that Rinchem serves include pharmaceutical, biotech, semiconductor and aerospace.
ARKEMA | May 25, 2021
With the planned acquisition of Agiplast, a leader in the regeneration of high-performance polymers, especially specialty polyamides, and fluoropolymers, Arkema is going to be ready to offer a full service to customers in terms of materials circularity, addressing growing market expectations during this field. This project, which contributes to the sustainable development of the polymer industry, is perfectly in line with Arkema’s sustainable growth strategy.
Arkema plans to accumulate Agiplast, a company specialized in the regeneration of high-performance polymers, and its historical partner in recycling operations. the company, with annual sales of around €15 million, operates a plant in Italy and has 32 employees. Agiplast’s strong know-how in mechanical recycling technologies will enable Arkema to supply top-quality recycled polymers to its customers.
In October 2019, Arkema, the world leader in bio-based high-performance polymers, had already launched Virtucycle®, an ambitious program with Agiplast aimed toward developing loops for the gathering and regeneration of high-performance polymers while minimizing CO2 emissions.
With this acquisition, Arkema is going to be the primary fully integrated high-performance polymer manufacturer offering both bio-based and recycled materials to deal with the challenges of resource scarcity and end-of-life products. This bolt-on acquisition is thus in line with Arkema’s CSR and sustainable growth strategy, and especially the transition to a circular economy.
The deal is expected to close in June 2021.
Building on its unique set of experience in materials science, Arkema offers a portfolio of first-class technologies to address the ever-growing demand for new and sustainable materials. With the ambition to become 2024 a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient, and highly innovative segments dedicated to Specialty Materials -Adhesive solutions, Advanced Materials, and Coating Solutions- accounting for a few 82% of Group sales, and a well-positioned and competitive Intermediates segments. Arkema offers cutting-edge technological solutions to satisfy the challenges of, among other things, new energies, access to water, recycling, urbanization, and mobility and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around €8 billion in 2020 and operates in some 55 countries with 20,600 employees worldwide
Principal Solar, Inc. | December 29, 2021
Principal Solar, Inc. a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in undervalued petroleum-producing properties, announced that it has reached an agreement with IntelliMedia/Apollo Green to convert its investment into a note with a return of capital and interest payable. The anticipated influx of capital resulting from this divestiture is expected to be utilized to further the Company’s mission of acquiring logistics assets and to advance its existing development agreement with heavy electric vehicle partner IPLTech Electric.
“After careful consideration, in keeping with our stated goal of leveraging environmentally responsible opportunities while maximizing stakeholder value, we have made the strategic decision to convert our investment in IntelliMedia. We believe that this move is in the best interests of all parties involved and stands to enhance Principal’s overall success potential.”
K. Bryce “Rick” Toussaint, CPA, MBA, Principal’s Chairman and CEO
In other news, Mr. Toussaint disclosed that Principal is evaluating the feasibility of partnering with cryptocurrency mining specialists in well-side mining projects that would be powered by exceptionally low-cost electricity generated onsite from the Company’s natural gas holdings.
“Traditional crypto mining companies pay for grid-delivered electricity to power their servers, the expense of which can comprise up to 75% of a mining company’s operating overhead,” said Mr. Toussaint. “By utilizing natural gas from the wells, we already own to generate the energy needed to power onsite mining operations, it may be possible to mine cryptocurrencies such as Bitcoin and Ethereum at a fraction of the typical cost.”
Additional details regarding the Company’s transaction IntelliMedia are expected to be announced when finalized.
About Principal Solar
Principal Solar is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW' hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs' control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs' most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.