RICEBORO, Ga., Aug. 5, 2024
/PRNewswire/ -- SNF, the global leader in water-soluble
polymers, has taken a significant and strategic step forward by
signing agreements to acquire PfP Industries and Ace Fluid
Solutions. The target closing dates are imminent. These strategic
acquisitions reinforce SNF's commitment to delivering best-in-class
solutions and underscores SNF's dedication to driving long-term
value for our upstream oil and gas customers.
PfP Industries is a global leader in 'dry on the fly' and slurry
friction reducer technologies and applications. It has been a
trusted solution provider for decades. Similarly, Ace Fluid
Solutions, with its expertise in fluid management, has built a
strong reputation for offering innovative technologies and
unparalleled service to its customers in the Permian Basin.
"These acquisitions showcase SNF's continuous dedication to
providing innovative and tailored solutions to the oil and gas
industry. We will be able to offer in each basin a diverse array of
friction reducers in the form of an emulsion, slurry, or dry, which
can be linked to additional frac fluid chemistry, such as
surfactants, scale control agents, guar, crosslinkers, and other
water treatment products and services to support a complete
offering. The combination of PfP, ACE, and SNF gives us the
best-in-class product lines and services to meet our customers'
specific needs." – Brian
Satterfield, VP of SNF Oil and Gas.
The integration timeline for PfP Industries and Ace Fluid
Solutions will be communicated in due course.
About SNF (www.snf.com)
SNF is a specialty chemical group based in Andrezieux,
France, whose products contribute
to treating, recycling, preserving water, saving energy, and
reducing carbon footprint. A pioneer in soft chemistry, SNF has
long been present on all continents, employing 8,150 people,
including 2,300 in the U.S.A.
Innovation and movement towards a cleaner, less carbon-intensive
world are great accelerators of SNF's growth, achieving a turnover
of €4.5 Billion in 2023.
Media Contact:
Dewey Hunter
912-880-8071
381388@email4pr.com
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SOURCE SNF Holding Company