June 29 | CEO Blog | Freestone Resources
On Wednesday the 25th Freestone Resources announced the acquisition of C.C. Crawford Retreading Company, Inc. (CTR), as well as our partnership with Dynamis Energy, LLC. I’d like to take this opportunity to go into some more detail about these transactions, and some of my personal thoughts and opinions.
CTR is located in Ennis, Texas. For those unfamiliar with Ennis, it’s located on the I-45 corridor approximately 35 miles south of Dallas. Ennis is a city that is growing by leaps and bounds. Over the last year I have had the opportunity to meet one of the friendliest local populations in Texas, and a city management team with a pro-growth economic strategy that has played a vital role in the overall growth that we’ve experienced in our State. Thus, I believe that CTR is an optimal location to launch this venture with Dynamis.
In the immediate weeks and months, FDEP will have an engineering team at CTR in order begin the relocation and installation of a pyrolysis technology that has successfully been used to create the base product utilized in our Petrozene formula. Freestone will be providing periodic updates as the commercial production of Petrozene gets underway. In the meantime, the hard working staff at CTR will continue its current operations as an off-the-road (OTR) tire repair, sales and disposal center.
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