Dorf Ketal Chemicals India Private Ltd., a Mumbai-based leader in specialty chemicals, has acquired Flow-Chem Technologies LLC, based in Rayne, La.
Flowchem is a specialty oilfield chemical provider that operates across the Gulf of Mexico and U.S. onshore market with blending facilities located at Rayne, La., and Pleasanton, Texas, and multiple warehouses.
“The acquisition provides a ready conduit through existing contacts to introduce Dorf Ketal’s differentiated technologies to accelerate entry into the U.S. upstream market,” Subodh Menon, Dorf Ketal’s business and operations director, said. “There will be manufacturing and supply chain synergies to increase cost competitiveness in the challenging oilfield market. We will aggressively seek supply chain efficiencies, provide infrastructure support and laboratory facilities to improve cost competitiveness and help retain and acquire customers in this challenging market sector.”
“Flowchem’s portfolio of oilfield production and drilling products will be combined with Dorf Ketal’s products currently servicing offshore fields in Brazil to improve capabilities of both entities,” said David Johnson, president, Dorf Ketal Oilfield Chemicals.
“This partnership with Dorf Ketal will allow Flowchem to grow and extend our infrastructure in North America,” said Ken Marks, president, Flowchem. “It provides access to Dorf Ketal’s innovative chemistries and R&D capabilities that will enhance our competitiveness and increase profit improvement solutions for our customers.”
Source: World Oil
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