5 December 2012
Details
Univar,
a global leader in chemistry distribution and related services,
acquires Magnablend.
The acquisition is expected to close by
the end of December 2012
Follow the acquisition, Magablend
* will function as a wholly-owned subsidiary of Univar and
* will continue to operate out of its existing facilities.
The acquisition of Magnablend is an important step
forward in Univar's focus on the rapidly growing,
North American oil and gas market.
Magnablend's geographic location at the heart of
current and developing shale gas basin
allow Univar to a comprehensive suite of
products and services to
meet increasing customer demands
About Magnablend
- Founded in 1979
- A Texas-based provider of custom chemical
* manufacturing
* blending and
* packaging solutions
- Magnablend specializes in custom chemical manufacturing,
blendind and packaging for a variety of industries including
* energy, oil and gas services
* agriculture
* water treatment
* construction and
* industrial cleaning
- Magnablend blends
* guar gum slurries
* fluid loss additives
* buffers
* breakers
* friction reducers
* spacers
* cement additives and etc.
- In 2012, Magnablend sale would exceed US $ 400 million.
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