Fineotex Chemical (FCL), a manufacturer of specialty performance chemicals, has acquired CrudeChem Technologies Group, a well-established US-based specialty chemical manufacturer, through its subsidiary.
Fineotex Chemical, through its wholly-owned subsidiary Fineotex Biotex Healthguard FZE, has entered into a definitive agreement to acquire FrackMex Equipment and Services, CrudeChem Technology, Oil Pro Advantage and Lonestar Technoboost.
Fineotex Biotex will acquire a 53.33% stake in each entity.
Fineotex will acquire CrudeChem Technology for $11 million, FrackMex Equipment and Services for $3.24 million, Lonestar Technoboost for $11.14 million and Oil Pro Advantage for $0.45 million. All acquisitions involve cash consideration, with the investment size aligned to each company’s scale of operations.
The CrudeChem Technologies Group is a well-established U.S.-based specialty chemical manufacturer of advanced chemical fluid additives and comprehensive oilfield chemicals solutions for the global oil and gas sector. With over a decade of proven performance, the company has earned strong customer trust and established long-term partnerships with several of the world’s largest energy producers and oilfield service companies.
Backed by a world-class technical laboratory in Texas and supported by facilities in Midland (Texas) and Brookshire (Texas), it brings a robust foundation of scientific depth and operational strength.
Sanjay Tibrewala, Executive Director, Fineotex Chemical, said, “This acquisition marks a defining ,remarkable moment in Fineotex global growth journey to build a $ 200 million oil field chemical business within the coming years. The U.S. company’s outstanding technological capabilities, strong customer relationships, and commitment to sustainable performance perfectly complement our long-term vision. Together, we are creating a powerful global platform that will deliver world-class specialty solutions and set new standards of innovation and environmental responsibility in the oil and gas industry. Fineotex will hold a controlling stake and plans to gradually increase its investment and ownership over the coming years.”
