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Blumenthal Holdings acquires majority stake in Terresolve

1:49 PM MST | January 28, 2013 | —Rebecca Coons

Blumenthal Holdings (Charlotte, NC) says it has acquired a majority stake in Terresolve Technologies (Mentor, OH), a manufacturer of biobased hydraulic and functional fluids and lubricants for the offshore marine, marine transport, oil and gas, and turf-care industries. Terms were not disclosed. The acquisition complements RSC Bio Solutions, Blumenthal’s biobased cleaning, degreasing, and lubricating subsidiary. RSC Bio Solutions was formed in 2010 after Blumenthal acquired a minority stake in Terresolve. “With the increasing demand for biodegradable...

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