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 Energy Services and Equipment
DESCRIPTION

Smith International was a US-based oilfield services company specializing in the design, manufacture, and supply of drill bits and other downhole tools for the oil and gas industry. Known for its flagship brand, Smith Bits, the company provided advanced drilling technologies and solutions aimed at improving drilling efficiency and reducing operational costs. Smith International was formed in 1936 and based in Houston, Texas.


DEAL STATS #
Overall 1 of 5
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 5
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 5
Year: 1997 M&A 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.

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