Clariant Oil Services to acquire Champion Technologies’ deep water Gulf of Mexico assets

4/15/2013

Clariant Oil Services to acquire Champion Technologies’ deep water Gulf of Mexico assets  

 MUTTENZ – Clariant signed an agreement with Ecolab Inc. to acquire certain deep water Gulf of Mexico assets. The divestment of the assets by Ecolab was a prerequisite by the U.S. Department of Justice for the approval of the acquisition of Champion Technologies.

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

Financial details of the acquisition are not being disclosed.

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