Mr. Tony Pagnucco reports
BRI-CHEM ANNOUNCES STRATEGIC MIDLAND TEXAS WAREHOUSE PURCHASE
Bri-Chem Corp. has purchased a strategically located warehouse facility in Midland, Tex.
The new Bri-Chem warehouse facility spans 7,500 square feet on a 5.29-acre parcel which was financed through an extension of the company's existing mortgage facilities from Canadian Western Bank. This acquisition serves as a strategic anchor location for the company's United States operations as Midland, Tex., is the primary service point for the Permian basin, which continues to be one of the company's fastest-growing regions. The size and span of this new facility will provide additional opportunities for bulk storage and blending as the company continues to invest in its infrastructure.
About Bri-Chem Corp.
Bri-Chem has established itself, through a combination of strategic acquisitions and organic growth, as the North American industry leader for wholesale distribution and blending of oil field drilling, completion, stimulation and production chemical fluids. The company sells, blends, packages and distributes a full range of drilling fluid products from 26 strategically located warehouses throughout Canada and the United States.
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