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Growing ABQ logistics company diversifies with acquisition

Albuquerque-based Rinchem Co., a logistics firm specializing in the transport, storage and on-site service of chemical products used in various industries, has purchased an out-of-state company.

Rinchem, founded in 1976, acquired Burlington, North Carolina-based Carolina Tank Lines at the end of August. The deal, announced Wednesday, will help diversify Rinchem’s offerings, according to Senior Vice President Chris Wright. It has traditionally focused on working with gases and chemicals, but will…

Source: The Business Journal

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