Brenntag Expands North American Footprint with Chem Tech Acquisition
- irl
- 4 days ago
- 2 min read
Brenntag, the global leader in chemicals and ingredients distribution, has announced the acquisition of Chem Tech Services, Inc., a leading provider of production chemicals with proprietary formulations for energy sector operators in the Permian Basin—the largest energy-producing region in North America. The company will be integrated into Coastal Chemical, Brenntag’s dedicated platform supporting the upstream, midstream, and downstream segments of the oil and gas industry.
Scott Leibowitz, President of Brenntag Essentials North America, highlights: “Chem Tech’s expertise and network are a welcome addition to Brenntag’s Energy Services business in North America, adding key capabilities to our resilient market offerings in the energy sector and strengthening our market presence in a region that is critical to global energy supply. The acquisition represents a strategic opportunity to strengthen Coastal Chemical’s unmatched position as a dedicated, integrated energy service platform that efficiently, safely, and reliably supports our customers in the oil and gas industry. I look forward to welcoming our new colleagues from Chem Tech to the Brenntag family.”
Derek Waters, co-owner and president of Chem Tech, comments, “Brenntag presents a perfect new home for Chem Tech, as we share a similar vision: to be a leader in the oilfield chemical market that provides exceptional customer service and a positive culture for employment. This new and exciting partnership will lead to numerous opportunities and will accelerate our joint ambition of becoming the best chemical service company in the Permian Basin and beyond.”
Founded in 1980 in Levelland, Texas, ChemTech Services, Inc. delivers specialised oilfield chemical solutions across Texas and New Mexico. Over the past 12 months, the company has generated sales exceeding USD 80 million.
The transaction was signed and closed simultaneously, and the financial terms of the deal remain undisclosed.
Source: BRENNTAG
