- Brenntag acquires Chem Tech Services, a production chemicals provider in the Permian Basin.
- Chem Tech Services has sales of over USD 80 million in the past 12 months.
- The acquisition integrates Chem Tech into Brenntag's Coastal Chemical platform.
- Signing and closing of the transaction occurred simultaneously; financial details undisclosed.
Acquisition Overview
Brenntag, a global leader in chemical distribution, has acquired Chem Tech Services, a provider of production chemicals in the Permian Basin, North America's largest energy-producing region. This acquisition aims to enhance Brenntag's platform for energy business solutions in North America.
Integration and Market Impact
Chem Tech Services will be integrated into Coastal Chemical, a Brenntag platform focused on the Upstream, Midstream, and Downstream segments of the oil and gas industry. This move strengthens Brenntag's market presence in a critical region for global energy supply.
Financial and Transaction Details
Chem Tech Services, founded in 1980 in Levelland, Texas, reported sales of over USD 80 million in the past 12 months. The signing and closing of the transaction occurred simultaneously, though financial details of the acquisition have not been disclosed.
