Dorf Ketal Chemicals India Private Limited (Dorf Ketal), the Mumbai-based leading global company in specialty chemicals, has acquired Flow-Chem Technologies LLC (Flowchem), based in Rayne, LA (USA). Flowchem is a specialty oilfield chemical provider that operates across the Gulf of Mexico and US onshore market with blending facilities located at Rayne, Louisiana and Pleasanton, Texas in the US and multiple warehouses.
Subodh Menon, Dorf Ketal's Founder and Director, envisioned a significant presence in upstream and downstream oil and gas markets for Dorf Ketal, “This acquisition continues the journey of this vision” he commented, "The acquisition provides a ready conduit through existing contacts to introduce Dorf Ketal's differentiated technologies to accelerate entry into the US upstream market." Menon further commented, "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," stated David Johnson, President, Dorf Ketal Oilfield Chemicals.
"This partnership with Dorf Ketal will allow Flowchem to grow and extend our infrastructure in North America," commented Ken Marks, President of Flowchem. "It provides access to Dorf Ketal's innovative chemistries and research and development (R&D) capabilities that will enhance our competitiveness and increase profit improvement solutions for our customers."
Dorf Ketal also previously announced the acquisition of Filtra Catalysts and Chemicals Limited on 4 January 2016.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/refining/07032016/dorf-ketal-acquires-flow-chem-technologies-2681/