Dorf Ketal Chemicals acquires Impact Fluid Solutions for expansion
14 May 2024
2 Min Read
CW Team
Specialty chemicals leader Dorf Ketal Chemicals India has recently completed the acquisition of Impact Fluid Solutions, a Texas-based provider of downhole fluid additives utilized in various industrial drilling applications. This strategic move is aimed at enhancing Dorf Ketal's portfolio of solutions for the oil and gas production sector.
Impact Fluid Solutions, headquartered in Texas, achieved a turnover of $60 million in 2023, showcasing its robust presence and performance in the industry. The acquisition, pending regulatory approvals, underscores Dorf Ketal's commitment to enhancing its Health, Safety, and Environmental (HSE) performance.
Subodh Menon, Founder and Vice Chairman of Dorf Ketal, expressed enthusiasm about the acquisition, emphasizing Impact's potential to contribute strategic assets, innovative technology, skilled workforce, and strong client relationships to Dorf Ketal's ecosystem. Menon highlighted the acquisition's role in facilitating Dorf Ketal's sustainable global expansion and its ability to deliver innovative solutions across diverse industries while minimizing environmental impact.
EY India provided advisory support to Dorf Ketal throughout the acquisition process, ensuring seamless execution and strategic alignment. Curtis Huff, Chairman of Impact, shared his perspective on the acquisition, emphasizing the opportunity to leverage Dorf Ketal's global network and infrastructure to accelerate growth. He noted the cultural synergy between the two companies, characterized by a shared commitment to sustainable business practices and community engagement. Huff anticipated that Dorf Ketal's scale and resources would enhance Impact's capacity to serve existing clients and expand into new global markets.
The Energy and Power Division of Piper Sandler played a pivotal role as the exclusive corporate finance advisor to Impact's shareholders for the transaction, facilitating negotiations and ensuring favorable outcomes for all parties involved. This acquisition marks a significant milestone for Dorf Ketal Chemicals India, positioning the company for sustained growth and leadership in the specialty chemicals sector, particularly in the oil and gas production segment.
Specialty chemicals leader Dorf Ketal Chemicals India has recently completed the acquisition of Impact Fluid Solutions, a Texas-based provider of downhole fluid additives utilized in various industrial drilling applications. This strategic move is aimed at enhancing Dorf Ketal's portfolio of solutions for the oil and gas production sector.
Impact Fluid Solutions, headquartered in Texas, achieved a turnover of $60 million in 2023, showcasing its robust presence and performance in the industry. The acquisition, pending regulatory approvals, underscores Dorf Ketal's commitment to enhancing its Health, Safety, and Environmental (HSE) performance.
Subodh Menon, Founder and Vice Chairman of Dorf Ketal, expressed enthusiasm about the acquisition, emphasizing Impact's potential to contribute strategic assets, innovative technology, skilled workforce, and strong client relationships to Dorf Ketal's ecosystem. Menon highlighted the acquisition's role in facilitating Dorf Ketal's sustainable global expansion and its ability to deliver innovative solutions across diverse industries while minimizing environmental impact.
EY India provided advisory support to Dorf Ketal throughout the acquisition process, ensuring seamless execution and strategic alignment. Curtis Huff, Chairman of Impact, shared his perspective on the acquisition, emphasizing the opportunity to leverage Dorf Ketal's global network and infrastructure to accelerate growth. He noted the cultural synergy between the two companies, characterized by a shared commitment to sustainable business practices and community engagement. Huff anticipated that Dorf Ketal's scale and resources would enhance Impact's capacity to serve existing clients and expand into new global markets.
The Energy and Power Division of Piper Sandler played a pivotal role as the exclusive corporate finance advisor to Impact's shareholders for the transaction, facilitating negotiations and ensuring favorable outcomes for all parties involved. This acquisition marks a significant milestone for Dorf Ketal Chemicals India, positioning the company for sustained growth and leadership in the specialty chemicals sector, particularly in the oil and gas production segment.
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