Clariant Acquires Canadian Oil Services
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Clariant AG /
Clariant Acquires Canadian Oil Services
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* Acquisition is in line with Clariant Oil Services' growth strategy for North
America
* Significantly enhances Clariant's presence in the Bakken Shale, positioned
to be North America's number one oil and gas producing region
* Prairie Petro-Chem serves more than 7,000 oilfield sites and holds
significant share of the southern Saskatchewan/southern Manitoba market
* Leverages Prairie Petro-Chem's exemplary reputation and strong service
orientation
Houston, Texas (USA), 01 April 2011 - Specialty chemicals expert Clariant has
acquired Saskatchewan, Canada-based oil services company Prairie Petro-Chem and
will integrate it into the Clariant Oil Services business. The transaction
significantly enhances Clariant's presence in the important Bakken Shale, an
area positioned to be the number one oil and gas producing region in North
America.
Terms of the agreement were not disclosed.
Prairie Petro-Chem, originally formed in 1969 and headquartered in Estevan, SK,
operates locations in Weyburn and Oxbow, Saskatchewan, and in Virden, Manitoba.
The company serves approximately 7,000 oilfield sites, representing more than
50% of the southern Saskatchewan and southern Manitoba market. Prairie Petro-
Chem continued its steady growth pattern in 2010, achieving sales of
approximately CAD$30 million.
"Prairie Petro-Chem has an exemplary reputation and market leadership position
based on more than 30 years of continuous operation in this important region.
This acquisition strengthens Clariant Oil Services' position as a top-tier
global provider of production chemicals and services and greatly enhances our
capabilities within North America," said Christopher Oversby, global head of
Clariant's Oil & Mining Services business unit.
Brent Frehlick, General Manager of Prairie Petro-Chem, said, "We are looking
forward to working with Clariant to capitalize on the additional opportunities
created by the combination of our collective strengths.
As a Clariant company, our expanded geographic and strategic position will
provide the ability to more effectively serve existing customers in other
markets. In addition, our shared commitment to service excellence and our
complementary solution-driven products will ensure we continue to provide our
customers with the level of service they have come to expect."
Frehlick (son of Prairie Petro-Chem founder Ray Frehlick) and Assistant General
Manager Blane Fichter will join Clariant as a result of the transaction.
"We are pleased to welcome the management and employees of Prairie Petro-Chem to
Clariant, and we look forward to joining with them in providing our customers
the highest quality of support and service, and bringing our sales, marketing
and service support to bear for new customers in this fast-growing region," said
Kenneth L. Golder, President of Clariant Canada Inc., and head of Clariant's
North American region.
END
Phone e-mail
US Media Contacts
Connie Knight +1 704 331 7114 connie.knight(at)clariant.com
Jessica Clements +1 281 296 3233 jessica.clements(at)clariant.com
Investor Relations
Ulrich Steiner +41 61 469 6745 ulrich.steiner(at)clariant.com
Siegfried Schwirzer +41 61 469 6749 siegfried.schwirzer(at)clariant.com
Corporate Media Contacts
Stefanie Nehlsen +41 61 469 6742 stefanie.nehlsen(at)clariant.com
Clariant Media Center +41 61 469 6363 media.relations(at)clariant.com
www.oil.clariant.com
Clariant Oil Services is a leading provider of chemical technologies and
services to the oil, pipeline and refinery industries. A global business with
headquarters in Houston, Texas, Clariant Oil Services is represented in all
major oil and gas locations. From deepwater exploration to refining, Clariant
Oil Services provides chemical products and services designed to reduce customer
costs, decrease operational risks and improve production efficiency. Clariant
Oil Services' industry experience is backed by a dedicated global R&D network,
providing a unique position from which to address and resolve customer
challenges anywhere in the world, now and in the future.
Clariant Oil Services operates a state-of-the-art R&D laboratory and technical
service center in Houston, Texas, specifically designed to serve the North
American market. The facility delivers first-class, high-quality service and new
technology developments for the oil and gas industry.
www.clariant.com
Clariant is an internationally active specialty chemical company based in
Muttenz near Basel. The group owns over 100 companies worldwide and employs
approx. 16.200 people. In the financial year 2010, Clariant produced a turnover
in excess of 7.1 billion CHF. Clariant is divided into ten business units:
Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer
Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper
Specialties; Pigments; Textile Chemicals.
About Prairie Petro-Chem
Prairie Petro-Chem, originally formed in 1969, is a leading supplier of
specialty oil and gas production, drilling and industrial chemicals. The
company's operations comprise three primary activities: developing well-specific
production chemicals and application-specific industrial chemicals; blending
production and industrial chemicals; and delivering production chemicals to the
well-site or to the industrial facility. The company has achieved superior
results from providing the right products with a quick response time.
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
Press Release English:
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Source: Clariant AG via Thomson Reuters ONE
[HUG#1502384]
Unternehmensinformation / Kurzprofil:
Datum: 01.04.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 53049
Anzahl Zeichen: 7282
contact information:
Town:
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Kategorie:
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