Rinchem Company acquires Carolina Tank Lines
Rinchem Company, a chemical management services corporation headquartered in Albuquerque (New Mexico, USA), has acquired the trucking business Carolina Tank Lines, which is based in Burlington, North Carolina. Carolina Tank Lines (CTL) offers transportation services primarily for medical instruments and supplies as well as diagnostics and food industries.
Its service model complements Rinchem’s mission to be the most responsive provider of logistics and chemical management services. The acquisition will also be a valuable addition to the current fleet of transportation assets within the growing Rinchem logistics network.
The former owner of CTL, Tony Capps, stated, “I was happy when the Rinchem team approached me about this acquisition. They are a like-minded, family-owned business and this change will allow me to step back from the business. I have worked with my friends and family for several decades and know that this move is ideal for everyone involved.” (mw)