Press Release

Morgan Lewis Advises Trecora Resources in Sale to Balmoral Funds

Wednesday, May 11, 2022

PHILADELPHIA, May 11, 2022: Morgan Lewis is representing Trecora Resources, a provider of specialty hydrocarbons and specialty waxes, in its definitive merger agreement with an affiliate of Balmoral Funds LLC. Under the terms of the agreement, Balmoral will acquire Trecora for $9.81 per share in a cash tender offer transaction that values Trecora at an enterprise value of $247 million.

Trecora owns and operates a specialty petrochemicals facility specializing in high-purity hydrocarbons and other petrochemical manufacturing and a specialty wax facility. Balmoral is a Los Angeles-based private equity fund.

Morgan Lewis partner Benjamin Wills and associates Richard Umbrecht and Michael Brown are advising Trecora.

For more, read Trecora’s announcement.