M&A Deal Summary

Dorf Ketal Chemicals Pvt. Acquires Fluid Energy Group s Modified and Synthetic Acid Business

On January 6, 2023, Dorf Ketal Chemicals Pvt. acquired business services company Fluid Energy Group s Modified and Synthetic Acid Business from Fluid Energy Group

Acquisition Highlights
  • This is Dorf Ketal Chemicals Pvt.’s 1st transaction in the Business Services sector.
  • This is Dorf Ketal Chemicals Pvt.’s 1st transaction in Canada.
  • This is Dorf Ketal Chemicals Pvt.’s 1st transaction in Alberta.

M&A Deal Summary

Date 2023-01-06
Target Fluid Energy Group s Modified and Synthetic Acid Business
Sector Business Services
Buyer(s) Dorf Ketal Chemicals Pvt.
Sellers(s) Fluid Energy Group
Deal Type Divestiture

Target

Fluid Energy Group s Modified and Synthetic Acid Business

Calgary, Alberta, Canada
Fluid Energy Group's Modified and Synthetic Acid Business provides water-related services to clients from water treatment, energy and petroleum, mining, industrial, consumer, and food & beverage industries.

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Buyer(S) 1

Buyer

Dorf Ketal Chemicals Pvt.

Mumbai, India

Category Company
Founded 1992
Sector Chemicals
DESCRIPTION

Dorf Ketal Chemicals is one of the largest manufacturers of formulation based specialty chemicals to be used in refining, petrochemical & allied industry. Dorf Ketal is today a preferred supplier of research based specialty chemicals and additives for customers in Middle East, Africa, North & South America as well as the Asia Pacific.


DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Clariant - NORAM Land Oil Business

Muttenz, Switzerland

Clariant's NORAM Land Oil Business provides chemical technologies and services to the North American oil and gas industry.

Buy -

Seller(S) 1

SELLER

Fluid Energy Group

Calgary, Alberta, Canada

Category Company
Founded 2011
Sector Business Services
DESCRIPTION

Fluid Energy Group has developed a hub of innovation and superior-quality manufacturing with principles of researching and developing safer, eco-friendly chemical technologies. The company's contract manufacturing services are used across multiple industry verticals including HI&I, water treatment, petroleum, food and beverage, construction and coatings, life sciences, and transportation. Its focus is to solve problems identified by the market and customers and our mission is to create products that are effective, technically advanced, and minimize the impact on our environment while providing the highest levels of quality and safety. Fluid Energy Group was formed in 2011 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1