Corrosion Innovations, LLC
Targeting Corrosion At Its Core
Senior Secured Notes
-
Corrosion Innovations, a Houston-based chemical manufacturing company specializing in corrosion prevention, has secured funding to acquire Chlor-Rid, a business unit under the Milliken Group.
-
Both CI and CHL are focused on providing corrosion prevention implementation and management services for general industrial, marine, transportation, and infrastructure and military applications in international and domestic markets with a specific focus on the Gulf region.
-
This acquisition is anticipated to broaden Corrosion Innovations' customer base, create opportunities for cross-selling, and incorporate additional synergistic benefits.
Corrosion Innovations, Inc. ("CI" or “The Buyer”) raised multi-millions in Senior Secured Notes (the “Notes”) to acquire Chlor-Rid ("CHL" or the "Target"), a business unit of the Milliken Group.