43253 Old Houston Highway,
Waller, Texas 77484
Flowchem Ltd. is a global provider of drag-reducing agents, related support services and equipment to midstream crude oil and refined fuel pipeline operators. Drag reducing agents, also known as DRAs, are specialty chemicals injected into midstream pipelines to reduce friction near the pipeline walls and within the turbulent fluid flowing through the pipeline network. By lessening fluid turbulence in pipelines, DRAs are highly effective in optimizing pipeline flow and lowering pipeline operating costs by increasing throughput capacity and reducing operating pressure.
Energy Services and Equipment
Flowchem was acquired by KMG Chemicals on April 24, 2017.
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Out of 60 sectors in the Mergr database, energy services and equipment ranked 23 in number of deals in 2017. The largest energy services and equipment acquisition in 2017 was Rice Energy - which was acquired by EQT for $6.7B.
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