Clariant strengthens its North American oilfield production chemicals business with two acquisitions - Seite 2

The purchase of Kel-Tech from current owners Arsenal Capital Partners has been agreed and received regulatory clearance. Kel-Tech is a manufacturer and supplier of specialty chemical products for production, field stimulation, and drilling applications throughout onshore United States and has its headquarters in Midland, Texas.

In addition, Clariant has agreed to acquire X-Chem, headquartered in Irving, Texas, from current owner NCH Corporation. This acquisition has also received regulatory clearance.          
X-Chem's operations are focused on land and offshore United States, where it provides specialty oilfield chemicals for the production, completion and stimulation of oil wells, gas wells and pipelines.

"The acquisitions are a significant step towards strengthening our footprint in North America. With this we will offer customers a stronger and more extensive product offering with customized products and solutions, while expanding our customer base significantly and gaining access to strategic oil-producing basins. Both Kel-Tech and X-Chem are well-run businesses with complementary operational efficiencies, which we can immediately incorporate into our existing business and combine with our state-of-the-art technology and R&D," says John Dunne, Global Head of Clariant's Business Unit Oil & Mining Services.

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www.clariant.com

Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2015 the company employed a total workforce of 17 213. In the financial year 2015, Clariant recorded sales of CHF 5.807 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on five pillars: focus on innovation through R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability.

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Source: Clariant AG via Globenewswire

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Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland

ISIN: CH0012142631;