[Interacid North America] SATCO and Saconix Merge to Form Interacid North America, Inc.

April 9, 2025 – New York, NY – Saconix, Inc. (Saconix) and Sulphuric Acid Trading Company Inc. (SATCO) announced today that Saconix has merged into SATCO.  As part of this exciting development, the merged companies have formed a new entity: Interacid North America, Inc. (Interacid North America).

Interacid North America will continue to honor all obligations of SATCO and Saconix and seek to further enhance its services through this merger. Both SATCO and Saconix (now Interacid North America) are group companies of Sumitomo Corporation of Americas, the largest subsidiary of Sumitomo Corporation, a global leader in trading and investment.

SATCO has imported and distributed sulfuric acid in the United States for over 30 years, initially operating out of its Port Tampa Bay marine terminal, then expanded its operations in 2019 with the opening of its new import terminal located at the Port of Stockton in California.

Saconix is an industry-leading distribution and logistics partner for sulfuric acid and other industrial chemicals with strategically located assets across North America. Like SATCO, Saconix is known for its reliability and high quality of service.

The merger promises substantial benefits for all stakeholders by combining the strengths of both companies to maximize operational efficiency. Key advantages include:

• Maintaining relationships with local contacts: Customers will continue to work with the same local point of contact they know and trust, while benefiting from Interacid North America’s expanded global network.
  
  
• Access to technological and intelligence resources: Leveraging the combined resources from the merger will provide customers with cutting-edge technology and intelligence to support their business needs.
• World-class logistics and tank operations: Interacid North America is committed to delivering excellence to its customers across every touchpoint, ensuring the seamless transport, storage and delivery of sulfuric acid. This merger increases Interacid North America’s footprint and facilities.

Rebranding to Support Growth and Service Excellence

In lockstep with the merger, Interacid Trading S.A., Interacid Chile, and Interacid North America have rebranded under Interacid Group. The companies have come together to form a global network dedicated to the trading, storage, transport and solution services of sulfuric acid within their respective markets.

The formation of this global brand will benefit all stakeholders by maximizing the group’s collective strengths. Even more, as subsidiaries of Sumitomo Corporation Group, Interacid Group has unrivaled access to the global marketplace through Sumitomo Corporation’s extensive network.

Key drivers for the rebranding include:

1. A Unified Global Identity:Linking Interacid Trading S.A., Interacid Chile, and the newly formed Interacid North America enhances each company’s identity and recognition in the global marketplace.
2. Reinforcing a Commitment to Core Values: Interacid Group remains steadfast in its values: Safety at our Core, Customer-Committed, Unwavering Integrity, Rock-Solid Reliability, and Visionary Thinking. The rebrand signals global opportunities and expanded solutions that foster growth and innovation.
3. Operational Continuity and Enhancements:Interacid Group’s daily operations and company culture remain unchanged, emphasizing collaboration, excellence, and shared purpose.
4. Honoring Legacy and Embracing the Future:Supported by Sumitomo Corporation Group’s esteemed legacy, Interacid Group aims to preserve valued traditions while elevating its global presence – One brand, one mission, one future.

About Interacid Group
Interacid Group, a global leader for over 50 years, is dedicated to transforming the sulfuric acid industry through unparalleled customer service and operational excellence, all the while prioritizing the highest standards in safety. Operating in the world's largest markets, the company offers superior logistical capabilities, insightful market intelligence, and strategically located physical assets, including port terminals and storage.

As part of the esteemed Sumitomo Corporation Group, Interacid Group is able to leverage robust financial strength and global relationships to meet the unique demands of the market. The company’s commitment to innovation and flexibility ensures the provision of comprehensive solutions - not just products or services - providing customers peace of mind through meticulous market analysis, adaptable supply and delivery, supply cost management, and exceptional responsiveness.