Cortec® Corporation Acquires CorteCros
July 5, 2016
Cortec® Corporation has announced its full ownership of Croatian company, CorteCros. Cortec Corporation had previously owned just 40 percent of CorteCros, while 60 percent was owned by Crosco Integrated Drilling & Well Services Co. Ltd. Cortec Corporation, manufacturers of corrosion protection inhibitors, stated that the acquisition is the result of its expansion and further strengthening its strategic position in Europe.
CorteCros will be fully incorporated into Cortec Corporations’ business strategy, and CorteCros’ distribution center will be located in Split, Croatia. Additionally, Cortec’s products and services will receive technical support by CorteCros, particularly in the military and oil industries, the company stated.