Pilot Chemical Company Acquires Liquid Minerals Group, Inc.
Acquisition demonstrates Pilot’s commitment to growth
Pilot Chemical Company, headquartered in Cincinnati, Ohio, announced it
has purchased Liquid Minerals Group, Inc. (LMGI) located in New Waverly,
Texas, as of June 30. The acquisition expands Pilot's business into the
organometallic fuel additives markets, as well as provides further
growth opportunities for Pilot’s existing surfactants and antimicrobial
businesses. LMGI manufactures products for the oil field, refinery,
power generation and marine industries and serves customers worldwide.
“The acquisition of LMGI greatly enhances the opportunities for growth
and allows for further expansion into new technologies and manufacturing
capabilities,” said Mike Scott, president of Pilot Chemical.
"We are extremely pleased to become part of a highly regarded
organization like Pilot, with which we have had a long and positive
history," said Mark Hughes, CEO of LMGI. “Joining Pilot will lead to
future innovation,” added Daniel Smith, president of LMGI.
LMGI will retain its name under Pilot’s leadership. Hughes and Smith
will remain as consultants throughout an extended transition to ensure
secure and smooth business operations.
Pilot Chemical Company is
a privately owned and independent global specialty chemical company
providing high quality products and services to the household and
industrial detergent, personal care, lubricant, oilfield, emulsion
polymerization, disinfecting and sanitizing industries. Proprietary core
technologies involve alkylation, sulfonation, sulfation and a number of
other specialty operations, including the production of biocidal quats
and tertiary amine derivatives. Pilot, an industry leader in chemical
innovation and safety, owns the most state-of-the-art continuous
sulfation process in North America, is a leader in quaternary ammonium
compounds, and is the world’s largest manufacturer of disulfonates.
Pilot Chemical Company is headquartered in Cincinnati, Ohio.
Liquid Minerals Group, Inc. (LMGI)
manufactures oil soluble organometallic additives with the finest
components available. LMGI is the largest manufacturer of high
concentration oil soluble magnesium fuel additives in the industry with
more than 50 years of experience in oil soluble magnesium additive
products. The LMGI team has worldwide experience at power plants and
refineries with countless gas turbines, boilers and diesel engines. With
a focus on finding unique solutions to common problems and a motivation
of providing value to its customer and intensive research and
development, product lines are being extended beyond magnesium and reach
into many diverse markets. Key markets served include oil field,
refinery, power generation and marine.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160712006089/en/
Copyright Business Wire 2016
Source: Business Wire
(July 12, 2016 - 10:04 AM EDT)
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