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Business

Clariant acquires two in oil-field chemicals

by Michael McCoy
September 19, 2016 | APPEARED IN VOLUME 94, ISSUE 37

Clariant will boost its presence in the North American oil-field chemicals sector with the acquisition of two Texas-based companies that add a combined $200 million in annual sales. From Arsenal Capital Partners, Clariant will acquire Kel-Tech, a maker of specialty chemicals for production, field stimulation, and drilling applications. And from NCH Corp., Clariant will get X-Chem, a provider of chemicals for well and pipeline production, completion, and stimulation.

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