Italmatch Chemicals, a chemical group focused on the production and marketing of performance additives for water and process treatment, oil and gas, industrial lubricants, and plastics, has announced its acquisition of Water Science Technologies (WST). WST is a blender and chemical solutions provider for the North American oil and gas, and industrial water treatment industries, based in Birmingham, Alabama (US).
The acquisition strengthens Italmatch Chemicals’ position in the North American oil and gas market, broadening the Italmatch Global Advanced Water Solutions business unit product portfolio, and application knowhow, with accretive contribution to its R&D capabilities, thanks to advanced in-house lab equipment, competence and logistic service capabilities.
Sergio Iorio, Founder and CEO of Italmatch Chemicals Group, stated: “WST is a young, dynamic and outstanding company with a great focus on technology-driven solutions. WST has multiple opportunities which strategically fall into the development growth path of Italmatch Advanced Water Solutions, strengthening Italmatch’s position in the industrial water, and oil and gas industries. Following the BWA Water Additives acquisition concluded in February 2019, this transaction allows additional industrial, commercial and technological synergies. This acquisition is driven by Italmatch’s high focus on customer relationship/reputation and innovation together with a highly motivated and experienced team with a strong entrepreneurial approach dedicated to problem solving. The integration will enable Italmatch Chemicals to deliver robust performance, a complete chemical product range, and important value for long-term sustainable growth, jointly with our existing customers and partners.”
Danny Mc Caul, CEO Italmatch Chemicals USA, added: “This acquisition represents another important step for Italmatch growth in the North American market, in line with the Group objectives in North America in its strategic sectors, starting from industrial water solutions, where the companies have a complementary product range. It will also provide a solid logistic base to better serve our oil and gas customers.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/27092019/italmatch-chemicals-acquires-water-science-technologies/