Tessenderlo Kerley, Inc. and Davison Petroleum Products LLC Dissolve their relationship in Tessenderlo Davison Companies LLC.PHOENIX -- Tessenderlo Kerley, Inc. (TKI TKI Te Kete Ipurangi (New Zealand) TKI Tenaga Kerja Indonesia TKI Tyrosine Kinase Inhibitor TKI Turkiye Komur Isletmeleri (Turkey) TKI Trial Kit Installation ), Phoenix, Arizona announced today they have elected to sell their interest in Tessenderlo Davison Companies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (TDC TDC Top Dead Center TDC Time-to-Digital Converter TDC Tabular Data Control TDC Total Development Cost TDC Texas Department of Corrections TDC The Discovery Channel TDC Torpedo Data Computer TDC Theater Deployable Communications ), the joint marketing venture with Davison Petroleum Products, LLC (DPP DPP - Dining Philosophers Problem ), Ruston, Louisiana. Since its inception in 2001, TDC has been focused on the marketing of sodium hydrosulfide (NaHS), caustic soda and caustic services in North and South America. Tessenderlo Davison Companies LLC will continue operating under the name of TDC, LLC, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Davison Petroleum Products, LLC, Ruston, Louisiana. The financial aspects of this sale/purchase agreement include 80 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. in cash plus a portion of the venture's working capital estimated at 10 million USD to TKI with TDC assuming certain existing debt and specified liabilities. The agreement also includes the transfer of the physical assets and products at the Westlake, Louisiana and Lake Point, Utah locations to TDC. TKI will cease the production, marketing and the distribution of sodium hydrosulfide (NaHS) and caustic soda in North and South America for a period of five years. TKI will continue to provide certain administrative functions to TDC until the organization is able to assume these responsibilities. According to Jordan Burns, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of TKI, this amiable parting is due to a difference in the objectives between the two principal companies involved in the original venture. Tessenderlo Kerley, Inc., headquartered in Phoenix, Arizona, produces and markets solutions for the specialty fertilizer market and the mining and process chemical industries. In addition, TKI subsidiaries provide SO2 processing solutions and serve the refining industry in the removal of heat stable salts from amine streams and the oxidation of spent caustic. TKI markets in the United States, Mexico, Central and South America and selected countries throughout the world. TKI, a part of the Tessenderlo Group, Brussels, Belgium, has 8 manufacturing plants in the U.S. and Mexico, in addition to an extensive terminal network. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion