Clariant to acquire Champion Technologies’ deepwater GoM assets

Clariant has signed an agreement with Ecolab Inc. to acquire certain deepwater Gulf of Mexico assets.

Offshore staff

MUTTENZ, Switzerland – Clariant has signed an agreement with Ecolab Inc. to acquire certain deepwater Gulf of Mexico assets.

The divestment of the assets by Ecolab was a prerequisite by the US Department of Justice for the approval of theacquisition of Champion Technologies. Financial details of the acquisition are not being disclosed.

Clariant is entering into a series of agreements with Champion related to its deepwater Gulf of Mexico business. The acquired assets include Champion Technologies’ oil and gas production chemicals services in the deepwater Gulf of Mexico.

John Dunne, senior vice president, Clariant Oil & Mining Services, said “This acquisition is synergistic with our decision to expand Clariant’s deepwater business and grow our Oil Services operations in North America, building upon our investment strategy in the US.”

4/16/2013

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