M&A Deal Summary

Flotek Acquires Chemical & Equipment Specialties

On November 5, 2001, Flotek acquired machinery company Chemical & Equipment Specialties

Acquisition Highlights
  • This is Flotek’s 1st transaction in the Machinery sector.
  • This is Flotek’s 1st transaction in the United States.
  • This is Flotek’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2001-11-05
Target Chemical & Equipment Specialties
Sector Machinery
Buyer(s) Flotek
Deal Type Merger

Target

Chemical & Equipment Specialties

Marlow, Oklahoma, United States
CESI operates in two primary segments of the oilfield service industry; specialty chemicals and equipment manufacturing. The specialty chemical segment develops, manufactures and packages innovative cementing and stimulation chemicals, including the development of environmentally neutral chemicals. The equipment manufacturing segment manufactures, to exacting specifications and ISO 9001 standards, specialized cementing equipment (pumping and bulk material transport) and stimulation equipment (nitrogen, blending and pumping), as well as proprietary automated monitoring and control systems. CESI also designs and constructs automated bulk material handling and loading facilities for major oilfield service companies.

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Buyer(S) 1

Buyer

Flotek

Houston, Texas, United States
Category Company
Founded 1985
Sector Energy Services and Equipment
Employees131
Revenue 188M USD (2023)
DESCRIPTION

Flotek is a diversified global supplier of drilling and production products and services to the energy and mining industries. Flotek Industries was founded in 1985 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 9
Sector (Machinery) 1 of 2
Type (Merger) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 9
Year (2001) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-10 Florida Chemical

Winter Haven, Florida, United States

Florida Chemical Co. Inc. produces a wide range of high-value citrus flavor ingredients, specialty terpenes, and formulated products primarily for the flavor, fragrance and consumer products markets. Their innovative, high-quality on-trend products match consumer preferences for a natural, clean label and reduced sugar foods and beverages.

Buy $50M
Mergr

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