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Southern Towing Company Announces Acquisition of Devall
February 2, 2021 GMT
CHICAGO (BUSINESS WIRE) Feb 2, 2021
Southern Towing Company (“STC”), an affiliate of CC Industries (“CCI”), announced today it acquired Devall Towing (“Devall” or the “Company”) from the Devall family. Founded in 1952, Devall is a towboat and barge operator for specialty chemicals along the Gulf Intracoastal Waterway and Lower Mississippi River.
The acquisition expands STC’s operations into specialty chemical products. The combination of Devall’s long-standing customer relationships with STC’s upriver capabilities allows Devall and STC to provide integrated marine transportation solutions across the Gulf Intracoastal and U.S. inland waterways. STC’s CEO Ed Grimm stated, “The acquisition significantly enhances Southern Towing’s Gulf Coast capabilities. We look forward to growing our
Southern Towing Company Acquires Devall Towing
Maritime Activity Reports, Inc.
MV Laura Tamble. Photo: Southern Towing Company
Memphis, Tenn.-based Southern Towing Company (STC) said Tuesday it has acquired family-owned Devall Towing, in a deal that expands STC’s towing operations into specialty chemical products.
Headquartered in Sulphur, La., Devall is a towboat and barge operator for specialty chemicals along the Gulf Intracoastal Waterway and Lower Mississippi River, operating 36 towboats and 125 liquid tank barges.
The combination of Devall’s operations with STC’s upriver capabilities allows Devall and STC to provide integrated marine transportation solutions across the Gulf Intracoastal and U.S. inland waterways.