Clariant Acquires Canadian Oil Services Firm Prairie Petro-Chem, Expanding North American Presence
* Acquisition is in line with Clariant Oil Services’ growth strategy for North America
* Significantly enhances Clariant’s presence in the Bakken Shale, positioned to be North America’s number one oil and gas producing region
* Prairie Petro-Chem serves more than 7,000 oilfield sites and holds significant share of the southern Saskatchewan/southern Manitoba market
* Leverages Prairie Petro-Chem’s exemplary reputation and strong service orientation
Houston, Texas (USA) - Specialty chemicals expert Clariant has acquired Saskatchewan, Canada-based oil services company Prairie Petro-Chem and will integrate it into the Clariant Oil Services business. The transaction significantly enhances Clariant’s presence in the important Bakken Shale, an area positioned to be the number one oil and gas producing region in North America.
Terms of the agreement were not disclosed.
Prairie Petro-Chem, originally formed in 1969 and headquartered in Estevan, SK, operates locations in Weyburn and Oxbow, Saskatchewan, and in Virden, Manitoba. The company serves approximately 7,000 oilfield sites, representing more than 50% of the southern Saskatchewan and southern Manitoba market. Prairie Petro-Chem continued its steady growth pattern in 2010, achieving sales of approximately CAD$30 million.
“Prairie Petro-Chem has an exemplary reputation and market leadership position based on more than 30 years of continuous operation in this important region. This acquisition strengthens Clariant Oil Services’ position as a top-tier global provider of production chemicals and services and greatly enhances our capabilities within North America" said Christopher Oversby, global head of Clariant’s Oil & Mining Services business unit.
Brent Frehlick, General Manager of Prairie Petro-Chem, said, “We are looking forward to working with Clariant to capitalize on the additional opportunities created by the combination of our collective strengths. As a Clariant company, our expanded geographic and strategic position will provide the ability to more effectively serve existing customers in other markets. In addition, our shared commitment to service excellence and our complementary solution-driven products will ensure we continue to provide our customers with the level of service they have come to expect.”
Frehlick (son of Prairie Petro-Chem founder Ray Frehlick) and Assistant General Manager Blane Fichter will join Clariant as a result of the transaction.
“We are pleased to welcome the management and employees of Prairie Petro-Chem to Clariant, and we look forward to joining with them in providing our customers the highest quality of support and service, and bringing our sales, marketing and service support to bear for new customers in this fast-growing region,” said Kenneth L. Golder, President of Clariant Canada Inc., and head of Clariant’s North American region.
About Clariant Oil Services
Clariant Oil Services is a leading provider of chemical technologies and services to the oil, pipeline and refinery industries. A global business with headquarters in Houston, Texas, Clariant Oil Services is represented in all major oil and gas locations. From deepwater exploration to refining, Clariant Oil Services provides chemical products and services designed to reduce customer costs, decrease operational risks and improve production efficiency. Clariant Oil Services’ industry experience is backed by a dedicated global R&D network, providing a unique position from which to address and resolve customer challenges anywhere in the world, now and in the future.
Clariant Oil Services operates a state-of-the-art R&D laboratory and technical service center in Houston, Texas, specifically designed to serve the North American market. The facility delivers first-class, high-quality service and new technology developments for the oil and gas industry.
About Prairie Petro-Chem
Prairie Petro-Chem, originally formed in 1969, is a leading supplier of specialty oil and gas production, drilling and industrial chemicals. The company’s operations comprise three primary activities: developing well-specific production chemicals and application-specific industrial chemicals; blending production and industrial chemicals; and delivering production chemicals to the well-site or to the industrial facility. The company has achieved superior results from providing the right products with a quick response time.
Clariant – Exactly your chemistry.
Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approximately 16.200 workers at the end of February 2011. In the financial year 2010, Clariant produced a turnover in excess of 7.1 billion CHF. Clariant is divided into ten business units: Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals.
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