Halliburton Acquires Athlon Solutions
US energy services company Halliburton has acquired Athlon Solutions for an undisclosed sum. The deal gives Halliburton its first chemical manufacturing plant with full reaction and blending capabilities.
Halliburton has aimed to grow artificial lift in production chemicals and the acquisition of Athlon is an execution of that plan, Halliburton’s president and CEO Jeff Miller said during the company's earnings call on Jul. 23. He commented: “This acquisition is the first step in developing our reactive chemistry capability in North America and complements our ongoing efforts to manufacture chemicals in international markets.” Miller added that the acquisition was “small” but Halliburton plans to grow the business organically.
Headquartered in Houston, Texas, USA, Athlon has 250 employees providing specialty water and process treatment chemicals, customized engineering solutions and services to sectors including refining, petrochemical, ammonia/fertilizer and power/utilities. It has two manufacturing plants – in Bayport, Texas, and Geismar, Louisiana.
Athlon will become part of the Halliburton Multi-Chem business line, which offers specialty oilfield chemicals for stimulation, midstream and production customers. “The acquisition of Athlon adds complementary technology and brings manufacturing capacity to support Multi-Chem’s current and planned growth,” said Dale Winger, vice president of Multi-Chem.
Tom Amonett, Athlon’s president and CEO, added that the combination with Halliburton brings world-class capabilities and creates new opportunities for growth.
