Rinchem Acquires Controlling Interest in South Korean Logistics Provider IHUB

Nov 04, 2015, 05:00 ET from Rinchem Company, Inc.

ALBUQUERQUE, N.M., Nov. 4, 2015 /PRNewswire/ -- Rinchem Company, Inc. announced today that it has acquired a controlling interest in IHUB Company, Ltd., a South Korean-based provider of chemical warehousing and transportation. Rinchem, a global logistics provider of high-purity, temperature-controlled chemicals and gases, plans to utilize this acquisition to better support its growing customer base within the South Korean market.

According to John Fitzsimons, Rinchem's Vice President of Operations, "The acquisition of IHUB represents another milestone in Rinchem's path to becoming a leading supplier of chemical management services to the semiconductor industry within the Asia-Pacific region. Rinchem provides unparalleled expertise to its customers with regard to the safe and efficient management of hazardous and highly regulated chemicals and gases."

IHUB is headquartered in the city of Pyeongtaek, which is located in the southwestern part of the Gyeonggi Province. Pyeontaek is approximately 65 kilometers south of Seoul, South Korea and is within 30 kilometers of a major semiconductor manufacturing hub.  Services that are provided include temperature-controlled warehousing and local transportation of high-purity, hazardous chemicals and gases for the semiconductor industry.

For more information about Rinchem's third party logistics or chemical management services within South Korea or the Asia-Pacific region, please contact us by telephone at 1-888-3PL-CHEM (1-888-375-2436), by email at sales@rinchem.com, or via Rinchem's website at www.rinchem.com.


Contacts:




Christopher P. Wright

James Choi

Vice President of Sales and Marketing

Country Manager for South Korea

Rinchem Company, Inc.

Rinchem Company, Inc.

503.969.1184

+82.10.8220.4363

cwright@rinchem.com

jchoi@rinchem.com

About Rinchem Company, Inc.

Rinchem Company, Inc. is a global third-party chemical logistics provider for corporations within areas such as the semiconductor, chemical, solar, oil and gas, pharmaceutical and biotechnology industries. Located throughout North America and in parts of Asia, Europe, and the Middle East, Rinchem utilizes its network of customized, temperature-controlled warehouses and transportation assets to provide safe and efficient chemical management solutions. In business since 1976, Rinchem has been providing chemical management services to its customers for thirty-nine years.  The company provides a wide range of services, including dedicated and multi-client warehousing, on-site services, over-the-road and local transportation, freight forwarding, empty container return management and supply chain consulting. More information is available at www.rinchem.com or 1-888-3PL-CHEM.

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SOURCE Rinchem Company, Inc.



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