M&A Deal Summary

Baker Hughes Acquires Petrolite

On February 26, 1997, Baker Hughes acquired chemicals company Petrolite

Acquisition Highlights
  • This is Baker Hughes’ 1st transaction in the Chemicals sector.
  • This is Baker Hughes’ 1st transaction in the United States.
  • This is Baker Hughes’ 1st transaction in Montana.

M&A Deal Summary
Date 1997-02-26
Target Petrolite
Sector Chemicals
Buyer(s) Baker Hughes
Deal Type Add-on Acquisition

Target

Petrolite

St Louis, Montana, United States
Petrolite Corp is chemical manufacturer based in st. Louis.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Baker Hughes

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
Employees57,000
Revenue 25.5B USD (2023)
DESCRIPTION

Baker Hughes is a provider of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company operates in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. Baker Hughes is headquartered in Houston, Texas.

DEAL STATS #
Overall 1 of 21
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 1 of 16
State (Montana) 1 of 1
Country (United States) 1 of 11
Year (1997) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-24 Oil Dynamics

Tulsa, Oklahoma, United States

ODI is a manufacturer of electric submersible pumps used to lift crude oil in producing regions worldwide.

Sell $32M
Mergr

Product

Company

Legal