It is with great pleasure to announce that Ingenia has acquired the La Porte operations of LyondellBasell commonly known as Bayshore Industrial.
This is the first acquisition by our Company; all our growth in the thirty four years has been organic. In the beginning, we were apprehensive about this venture and the integration to our business. Our people worked very hard and achieved exceptional results in negotiating and integrating the new business. My heartfelt thanks go to them.
I would like to welcome our new employees to the Ingenia family. You are now our people and we are looking forward to working with you for many years to come: safely, harmoniously and productively. I am looking forward to knowing each one of you.
The Ingenia model of operations “One-Stop, Full-Service, Post-Reactor Operations” has been proving its effectiveness all these years, some good and some challenging. Now, Ingenia has emerged as the market leader in the Primary business serving the polymer producers all over the World.
With our new acquisition, we are getting highly experienced people in our industry. With the FCMs we are getting a different technology to our TSEs that will augment our manufacturing capabilities while substantially increasing our capacity in the USGC.
While executing this deal, our people learned a lot and developed systems to permit us to execute further acquisitions in addition to our continuing organic growth. Ingenia is moving forward with big steps.