In Texas, specialty chemical maker COIM USA has acquired a 20-acre property in New Boston from Palmer International. The acquisition includes existing logistics infrastructure, as well as a new, renewable polyol product line, consisting of materials made principally from rapidly-renewable Cashew Nutshell Liquid. This product line will complement COIM’s existing Isoexter line of polyester polyols, allowing them to better serve the market.
COIM also plans to expand operations at the new site, adding 100 million lbs. of capacity for additional product lines by the middle of 2027.
“This acquisition represents a significant milestone in COIM USA’s long-term growth strategy,” said Michelangelo Cavallo, President of COIM USA. He further commented: “The New Boston location broadens our geographic reach, expands our sustainable portfolio, and enhances COIM USA’s ability to serve customers with greater speed, efficiency, and resiliency.”