15 April 2013 07:28 [Source: ICIS news]
SINGAPORE (ICIS)--Switzerland-based specialty chemicals maker Clariant said on Monday it has signed a deal with Ecolab Inc to acquire several of the cleaning services firm’s deep-water assets in the Gulf of Mexico for an undisclosed fee.
Ecolab had to divest the assets as a prerequisite by the US Department of Justice (DOJ) for the approval of its acquisition of US specialty chemicals producer Champion Technologies, Clariant said in a statement.
The assets that would be acquired by Clariant include Champion Technologies’ oil and gas production chemicals services in the deep water of the Gulf of Mexico.
“This acquisition is synergistic with our decision to expand Clariant’s deep-water business and grow our oil services operations in North America, building upon our investment strategy in the US,” said John Dunne, senior vice-president of Clariant’s oil and mining services.
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