Press Releases

Trecora Resources agrees to acquire TreCora

SUGAR LAND, Texas, and MIAMI, Sept. 22, 2014 /PRNewswire/ -- Trecora Resources (NYSE: TREC), a Texas based specialty chemical manufacturer, and Schumann/Steier Holdings, LLC, a Florida based specialty chemical manufacturer and marketer, announced today that they have entered into a definitive agreement for Trecora to acquire 100% of Schumann/Steier's Texas subsidiary, TreCora ("TreCora").

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TreCora polyethylene wax products are hard, high melting point, low to medium viscosity products derived from HDPE resin manufacture. These products can be used in a variety of applications including as a performance additive for hot melt adhesives; as a penetration and melting point modifier for paraffin and microcrystalline waxes; as a lubrication and processing aid for plastics, PVC and rubber; and as a dry stir-in additive for inks. In oxidized forms, applications for CWP polyethylene wax include use in textile emulsions, as the wax portion of polish formulations, and as a lubricant in PVC extrusion.

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