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Blumenthal Holdings acquires majority stake in Terresolve Technologies

11:25 AM MST | January 22, 2013 | Rebecca Coons

Blumenthal Holdings (Charlotte, NC) says it has acquired a majority stake in Terresolve Technologies (Mentor, OH), a leading manufacturer of biobased hydraulic and functional fluids and lubricants for the offshore marine, marine transport, oil and gas, and turf care industries. Financial terms were not disclosed. The acquisition complements RSC Bio Solutions, Blumenthal's biobased cleaning, degreasing, and lubricating subsidiary, and further solidifies the company’s commitment to "delivering high-performance chemistries that do not negatively impact...

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