AdvanSix acquired Commonwealth Industrial Services, Inc. (CIS) — ammonium sulfate packaging, warehousing and logistics assets for approximately $9.5 million, a transaction announced in January 2021, structured as asset purchase (certain assets).
Commonwealth Industrial Services, Inc. (CIS) — ammonium sulfate packaging, warehousing and logistics assets operates in Plant Nutrients (ammonium sulfate), is based in Hopewell, Virginia, USA. AdvanSix acquired certain assets of Commonwealth Industrial Services, Inc. (CIS), an ammonium sulfate packaging, warehousing and logistics services business based in Hopewell, Virginia. AdvanSix disclosed the deal on January 25, 2021 alongside an update on its sulfur-nutrition strategy, and its Form 10-K reports the assets were acquired in January 2021 for approximately $9.5 million. The added packaging and warehousing capabilities support direct supply of packaged ammonium sulfate to customers, primarily across North and South America, from AdvanSix's Hopewell-area operations.
Adds packaging, warehousing and logistics capabilities near AdvanSix's Hopewell, Virginia ammonium sulfate operations, enabling it to supply packaged ammonium sulfate directly to customers and to diversify its product offering (including spray-grade adjuvant for crop protection and industrial-use products) while improving logistics and operational efficiency.
AdvanSix ammonium sulfate / Plant Nutrients value chain (Hopewell, Virginia)
Advisory firms were not disclosed for this transaction.