SNF to Acquire Two US Oil and Gas Fluids Firms
French specialty chemicals producer SNF has agreed to acquire PfP Industries and Ace Fluid Solutions, two oil and gas fluids firms based in Texas, USA. The strategic acquisitions, SNP said, expands its offerings for the company’s upstream oil and gas customers. Financial terms of the transactions were not disclosed.
PfP Industries produces slurry friction reducer products for oil and gas applications. Ace Fluid Solutions is a maker of biocides and other water treatment products for oil and gas applications, with a focus on customers in the Permian Basin of Texas.
“These acquisitions showcase SNF’s continuous dedication to providing innovative and tailored solutions to the oil and gas industry. We will be able to offer in each basin a diverse array of friction reducers in the form of an emulsion, slurry, or dry, which can be linked to additional frac fluid chemistry, such as surfactants, scale control agents, guar, crosslinkers, and other water treatment products and services to support a complete offering. The combination of PfP, Ace, and SNF gives us the best-in-class product lines and services to meet our customers’ specific needs,” said Brian Satterfield, vice president Oil and Gas at SNF.
