A Houston-area pipeline products manufacturer has been sold.
Waller-based Flowchem LLC was bought by Fort Worth-based KMG Chemicals Inc. (NYSE: KMG) from New York-based private equity firm Arsenal Capital Partners in a $495 million cash deal, according to a release. The deal is expected to close in mid-June.
Flowchem provides drag-reducing agents, plus related services and equipment, to midstream crude oil and refined fuel pipeline operators. According to the release, Flowchem is the world’s second-largest…
Fort Worth co. buys Houston-area pipeline products co. for $495M syndicated post