Monument Chemical has acquired KMTEX LLC, a specialty chemical toller based in Port Arthur, Texas.
This acquisition brings Monument a portfolio of complementary technologies and will significantly expand its overall toll processing capability with the addition of a fourth location in Texas, located on the Sabine River intercoastal waterway.
“M&A activity is an important component of our overall growth strategy, and this announcement is another step forward as we strive to continuously enhance our position as a leading provider of custom chemical manufacturing solutions,” said Paul Raymond, president and CEO of Monument. “We are not only expanding the capabilities we can offer customers by continuing to invest in the US Gulf Coast region, but also delivering on the goals we’ve set for ourselves as a company.”
The addition of chemistries produced at the Port Arthur site – including fuels, aromatic hydrocarbons, glycols, and specialty solvents – will enable Monument to offer dual-source options and more flexibility, both within the company and to customers.