M&A Deal Summary

Smith International Acquires Chem-Tech

On December 8, 1997, Smith International acquired chemicals company Chem-Tech

Acquisition Highlights
  • This is Smith International’s 1st transaction in the Chemicals sector.
  • This is Smith International’s 1st transaction in the United States.
  • This is Smith International’s 1st transaction in Louisiana.

M&A Deal Summary

Date 1997-12-08
Target Chem-Tech
Sector Chemicals
Buyer(s) Smith International
Deal Type Add-on Acquisition

Target

Chem-Tech

Lafayette, Louisiana, United States
Chem-Tech provides production chemicals and services for the Gulf of Mexico onshore and offshore markets and selective worldwide markets. The company, which employs approximately 40 people, services independent and major oil and gas producers as well as plants and refineries.

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Buyer(S) 1

Buyer

Smith International

Houston, Texas, United States

Category Company
Founded 1936
Sector Distribution
Employees21,000
DESCRIPTION

Smith International, Inc. is a supplier of products and services to the oil and gas exploration and production industry, the petrochemical industry and other industrial markets.


DEAL STATS #
Overall 1 of 5
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Louisiana) 1 of 1
Country (United States) 1 of 5
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-20 Wilson International

Houston, Texas, United States

Wilson International, Inc. is a distributor of pipe, valves and fittings as well as mill, tool and safety products and services.

Buy -