- Chem Tech Services provides professional oilfield chemical solutions in the Permian Basin in resilient Production Chemicals
- The acquisition builds on Brenntag’s sizeable Oil and Gas market position servicing the thriving energy sector of North America
Brenntag [ISIN DE000A1DAHH0], the global market leader in chemicals and ingredients distribution, today announces the acquisition of Chem Tech Services, Inc., a leading production chemicals provider with proprietary formulations for operators in the energy sector in the Permian Basin, the largest energy producing region in North America. The company will be integrated into Coastal Chemical, a Brenntag platform focused on serving the Upstream, Midstream and Downstream Segments of the Oil and Gas Industry.
Scott Leibowitz, President Brenntag Essentials North America, highlights: “Chem Tech’s expertise and network are a welcome addition to Brenntag’s Energy Services business in North America, adding key capabilities to our resilient market offerings in the energy sector and strengthening our market presence in a region that is critical to global energy supply. The acquisition represents a strategic opportunity to strengthen Coastal Chemical’s unmatched position as a dedicated, integrated energy service platform that efficiently, safely, and reliably support our customers in the oil and gas industry. I look forward to welcoming our new colleagues from Chem Tech to the Brenntag family.”
Derek Waters, Co-Owner and President of Chem Tech comments: “Brenntag presents a perfect new home for Chem Tech as we share a similar vision: to be a leader in the oilfield chemical market that provides exceptional customer service and a great culture for employment. This new and exciting partnership will lead to great opportunities and will accelerate our joint ambition of becoming the best chemical service company in the Permian Basin and beyond.”
Chem Tech Services, Inc. was founded in 1980 in Levelland, Texas, USA. The company provides professional oilfield chemical solutions in Texas and New Mexico. The acquired business has sales of over USD 80 million in the past 12 months.
Signing and closing of the transaction took place simultaneously. Financial details of the acquisition are not being disclosed.
