Mumbai-based specialty chemicals company Dorf Ketal Chemicals has acquired US-based Flow-Chem Technologies for an undisclosed sum.
Flow-Chem is a specialty oilfield chemical provider that operates across Gulf of Mexico and US onshore market with blending facilities located at Rayne, Louisiana and Pleasanton, Texas in US and multiple warehouses.
Earlier on January 4, 2016, Ketal had acquired Filtra Catalysts and Chemicals. The acquisition is aligned to Dorf Ketal’s strategic vision of having significant presence in both upstream and downstream hydrocarbon market. With this move, the company has taken a significant step forward in becoming the complete bouquet provider in the market, both upstream and downstream.
With this acquisition, Flow-Chem will bring on board complementary capabilities and technologies that are aligned to the current offerings of Dorf Ketal. The move also synergises the research and development capabilities of both the companies in the oil and gas sector, Dorf Ketal Chemicals said.
“The acquisition provides a ready conduit through existing contacts to introduce Dorf Ketal’s differentiated technologies to accelerate entry into the US upstream market. 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,” Dorf Ketal founder Subodh Menon said.