July 12, 2016 - 10:04 AM EDT
Print Email Article Font Down Font Up
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.

For Pilot Chemical Company
Jackie Koopman, 513-780-9334
[email protected]


Source: Business Wire (July 12, 2016 - 10:04 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice