MUMBAI, India
, March 7, 2016 /PRNewswire/ --
Dorf Ketal Chemicals India Private Limited (Dorf Ketal) –
Mumbai
based global leader 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.
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Mr. Subodh Menon, Dorf Ketal's Founder & Director – Operations & Business Development, 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." Mr. 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 Mr.
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 Mr.
Ken Marks, President Flowchem. "It provides access to Dorf Ketal's innovative chemistries and R&D capabilities that will enhance our competitiveness and increase profit improvement solutions for our customers."
Dorf Ketal previously announced the acquisition of Filtra Catalysts and Chemicals Limited on January 4, 2016.
About Dorf Ketal
Dorf Ketal Chemicals India Private Limited (www.dorfketal.com) is a privately owned specialty chemical company based in
Mumbai, India
with operations in the
Asia Pacific
,
China
,
Europe
,
South America
and
North America
. Dorf Ketal is the industry's fastest-growing provider of formulated specialty chemicals to upstream and downstream oil and gas markets and market leader in organometallic catalysts and cross-linkers serving a broad range of applications and industries. The firm's core strategic focus on new chemistries is reflected in numerous patents and industry recognition for innovation to solve our customer's most demanding problems.
About Flowchem
Flow-Chem Technologies LLC based in
Rayne, Louisiana
, USA (
www.flowchem.net) is a specialty oilfield chemical manufacturer and services provider with operations in the Gulf of Mexico and US onshore market. Flowchem production chemicals, drilling products and premium technical services are used throughout the lifecycle of oil and gas wells to help producers maximize production at the lowest cost.
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SOURCE Dorf Ketal Chemicals LLC
