Secret Site Map
Tuesday, September 02, 2014

Home News Univar Buys Oilfield-Chemical Supplier

Univar Buys Oilfield-Chemical Supplier

Supplier News

Univar is acquiring Magnablend to expand in the North American oil and gas business.

| December 7, 2012

Univar is buying Texas chemical company Magnablend to expand its position in the North American oil and gas business.

Univar didn’t disclose a price for closely held Magnablend, which was put up for sale in September. But The Wall Street Journal, citing people familiar with the sale process, reported at the time that the company could fetch as much as $800 million.

Magnablend supplies custom-blended chemicals to oilfield-services companies, as well as specialty fertilizers and feed supplements to agriculture and other specialized chemicals to other industries.

The 33-year-old company has grown rapidly in recent years, paralleling growth in the oil and gas industry. It’s expanded beyond the Texas oil patch, opening facilities in Pennsylvania, Wyoming and North Dakota.

Source: Seattle Times

Top news

Bill That Would Impact Neonicotinoid Use in California on Governor's Desk

AB 1789, which would create a timeline for the Department of Pesticide Regulation to complete its current reevaluation of neonicotinoids, has passed the legislature and is now awaiting the governor's signature.

Massey Services Acquires Austin-Based Green Pest Services

The joining of the two companies further expands Massey Services’ residential pest prevention services footprint throughout Texas.

Arrow Exterminators Accepts the ALS Ice Bucket Challenge

The company joins the fight to beat ALS with donation to ALS association.

Reminder: PCT’s M&A Virtual Event 3.0 is Tomorrow

The half-day conference provides expert advice from some of the industry’s leading authorities on mergers and acquisitions and family business issues.

RISE Announces New Governing Board Members and Officers

During its 24th annual meeting RISE (Responsible Industry for a Sound Environment) announced new officers and members elected to the 2014 Governing Board.