Oxbow Carbon LLC Acquires Carbon Resources LLC
July 2, 2014
WEST PALM BEACH, FLORIDA - Oxbow Carbon LLC (Oxbow), the world’s largest independent marketer and producer of petroleum and calcined coke, announces the acquisition of Carbon Resources LLC (CR), which is one of the largest independent distributors of activated carbon products in the United States. Terms of the transaction were not disclosed.
Based in Oceanside, California, CR supplies a full range of coconut shell, coal and wood-based carbon products targeting value-added applications to customers across the United States. Leveraging Carbon Resources' strong relationships, outstanding technical capabilities and excellent brand image, the company consistently has increased its sales and earnings in recent years. CR’s current management led by Ken Schaeffer, President, and Kimberly Walsh, Vice President, will continue to lead the CR team supported by Oxbow’s global capabilities in operations and logistics.
The acquisition of CR is a first step in Oxbow’s strategy of building a significant global footprint in the activated carbon industry through a combination of organic growth, acquisitions and greenfield projects. Through its Oxbow Carbonplus business, based in Paris, France, which is similar in size to Carbon Resources, Oxbow already is an active participant in the European activated carbon market. Further information can be found at www.oxbow.com.
For further information contact:
Corporate Communications & Community Relations
Oxbow Carbon LLC
1601 Forum Place, Suite 1400
West Palm Beach, FL 33401