Indian speciality chemicals major Dorf Ketal Chemicals India Pvt Ltd has acquired US-based specialty oilfield chemical provider Flowchem LLC Technologies for an undisclosed amount. This is second acquisition by Mumbai-based chemical maker within two months after it announced acquisition of Thane-headquartered Filtra Catalysts & Chemical in the first week of January.
On Monday, Dorf Ketal announced the acquisition of the US Company 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. “There will be manufacturing and supply chain synergies to increase cost competitiveness in the challenging oilfield market,” said Subodh Menon, founder of Dorf Ketal. “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.”