14 September 2016
DETAILS
- Purchases of Kel-Tech and X-Chem
agreed to and cleared by regulators - Clariant adds approx. USD 200 million of sales,
accelerating its growth as a leading provider
of oilfield production chemicals in North America - Expanded portfolio, increased presence in
key oil-producing basins, and
strong complementary operational efficiencies
add value to expanded customer base
Clariant, a world leader in specialty chemicals,
today announces two acquisitions
in the oilfield production chemicals business.
After closing, the agreed purchases of
add approx. USD 200 million of sales,
as well as personnel, technology and expertise
to its existing activities in North America
and accelerates the growth of its
Business Unit Oil & Mining Services (OMS)
as a leading provider of oilfield production chemicals
in North America.
Clariant will leverage
the new companies' brand and innovation
to better meet market needs
and expand market presence.
The effective closing date of both acquisitions
is October 1, 2016 and
they are financed from cash at hand.
All parties involved have agreed
to not disclose any further financial terms.
Contact Clariant
Stefanie Nehlsen
Global Trade Media Relations
+41 61 469 63 63
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