Blumenthal Holdings, LLC Acquires Majority Share of Terresolve Technologies

Owners of 88-Year-Old Radiator Specialty Company Expand Reach as a Leader in High Performance, Biodegradable Fluids Market

CHARLOTTE, N.C.--()--Blumenthal Holdings, LLC, owners of Radiator Specialty Company (RSC), today announced the acquisition of a majority stake in Terresolve Technologies, LTD, a leading manufacturer of biobased hydraulic and functional fluids and lubricants for the offshore marine, marine transport, oil and gas and turf care industries. The acquisition will complement RSC’s existing business, RSC Bio Solutions, LLC, and further solidify the company’s commitment to delivering high performance chemistries that do not negatively impact the environment or the employee safety of their industrial customers.

RSC Bio Solutions, a sister company to Radiator Specialty Company and RSC Chemical Solutions, is focused on providing high performance cleaning, degreasing and lubricating products that are safe, non-hazardous and environmentally responsible. In November 2010, RSC announced the formation of RSC Bio Solutions following Blumenthal Holdings’ acquisition of a minority stake in Terresolve Technologies.

“Blumenthal Holdings’ acquisition of Terresolve Technologies deepens RSC’s commitment to this emerging market area and further establishes a business platform dedicated to providing solutions for environmental and workplace hazards,” said Mike Guggenheimer, Vice President of Business Development for RSC Bio Solutions. “With the increasing demand for biodegradable products that can perform alongside their petroleum counterparts, the controlling stake in Terresolve Technologies gives RSC Bio Solutions a significant advantage by allowing us to bring to market a robust line of environmentally safe performance chemistries.”

With more than 50 different products serving a wide variety of industries and a 17-year track record, the Terresolve EnviroLogic® brand offers a wide variety of biodegradable products, from hydraulic fluids and gear oils for marine transport and offshore oil and gas operations to power fluids for commercial turf care, which have been tested and proven in some of the toughest environments possible. Terresolve currently serves the offshore marine, marine transport, turf/golf course maintenance, clean energy and fleet markets. The acquisition will expand RSC Bio Solutions’ offerings as the company makes Terresolve’s full range of products available to new and existing customers.

The acquisition of Terresolve Technologies will not affect RSC Bio Solutions’ existing partnership with GEMTEK® Products, LLC, and it will continue to act as the exclusive North American distributor of GEMTEK’s SafeCare™ cleaners, degreasers and solvents for the industrial market.

About Radiator Specialty Company
Headquartered in North Carolina for 88 years, RSC is a leading producer of lubricants, chemicals and additives for the automotive, hardware, industrial, appliance and export markets. RSC is well known for its trademarked consumer brands, Liquid Wrench®, GUNK®, MotorMedic® and TiteSeal®. RSC-branded products are sold worldwide in over 80 countries. For more information, contact RSC, 600 Radiator Road, Indian Trail, NC 28079, 877-464-4865, www.RSCBrands.com.

About RSC Bio Solutions, LLC
Established in 2010 and headquartered in North Carolina, RSC Bio Solutions is a sister corporation to Radiator Specialty Company focused on providing high performance chemistries that are safe, non-hazardous and environmentally responsible. For more information, visit www.rscbio.com.

About Terresolve Technologies, LTD
Founded in 1996 and based in Ohio, Terresolve Technologies is dedicated to providing non-toxic, biodegradable lubricating products that deliver exceptional performance. With more than 50 different applications, the Terresolve EnviroLogic® products have been tested and used in some of the toughest environments possible. For more information, contact Terresolve Technologies, 9609 Jackson St., Mentor, Ohio 440-639-8633, www.terresolve.com.

About GEMTEK® Products, LLC
Founded in 1992 and based in Arizona, GEMTEK® is dedicated to the research, development and production of non-toxic, environmentally-responsible cleaners, degreasers, solvents, lubricants and specialty chemicals sold under the SafeCare®, Safe Lube™ and AllerSafe® brands. The company’s products are derived from renewable, biobased resources for a broad range of industrial applications. GEMTEK® products meet or exceed the "Green" attributes for the Environmentally Preferable Products (EPP) Program, the USEPA DfE, USEPA NCP, SCAQMD, USDA/NSF & USAF. For more information, visit www.gemtek.com or www.biobased.com.

Contacts

Schneider Associates
Melinda Pryor, 617-646-3347
mpryor@schneiderpr.com

Release Summary

Blumenthal Holdings, LLC, owners of Radiator Specialty Company (RSC), today announced the acquisition of a majority stake in Terresolve Technologies, LTD.

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Contacts

Schneider Associates
Melinda Pryor, 617-646-3347
mpryor@schneiderpr.com