Petrochem Acquired by ASRC.

• Position: ACQUISITIONS

ASRC Energy Services acquired a major share of Petrochem, an insulation provider based in Vallejo, Calif. ASRC Energy Services is a subsidiary of the Arctic Slope Regional Corp.

"This new line of business increases our opportunities outside of Alaska, and enhances the services we provide to our customers," said ASRC Energy Services President Mark Nelson. "We are proud of Petrochem's exceptional safety record and welcome its 1,000 employees to the ASRC family of companies."

Petrochem has 35 years of service to oil refineries, power and chemical plants...