Dorf Ketal To Acquire NORAM Land Oil For USD 14.5M


Dorf Ketal, a specialty chemical products and services company, has signed a definitive agreement to acquire Clariant’s North American (NORAM) Land Oil business for $14.5 million. The transaction is expected to be finalised during the first quarter of 2023.

Dorf Ketel is one of Asia’s largest oilfield chemicals and service companies, competing with global conglomerates such as Baker Hughes and ChampionX, according to a statement.

The acquisition will include all of Clariant’s NORAM Land Oil assets, including a team of 170 employees in North America, a technology portfolio of over 40 patent families, and manufacturing units in Bakersfield, California, Midland, Texas, and Black Hills, Texas, which produce over 2,000 drilling, production, and stimulation formulations.

Dorf has pursued inorganic growth and has completed several transactions. Its oilfield chemical business has grown from a $30 million turnover in 2018-19 to a nearly $275 million turnover business. Through rapid growth through organic growth supported by research-driven pathbreaking products and inorganic growth through acquisitions.

Clariant CEO Conrad Keijzer stated that divesting the North American Land Oil business is a logical step in repositioning Clariant’s portfolio toward true specialty chemicals. Dorf Ketal is the right owner for the combined business, for employees, customers, and other stakeholders, because of its reputation as a supplier of premium oilfield chemical products and services, geographical presence, and solid customer relationships.

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