Multi-Chem Acquires Cobra Chemicals
Tuesday January 2, 12:29 pm ET
SAN ANGELO, Texas, Jan. 2 /PRNewswire/ -- Today Multi-Chem Group LLC, a global oilfield production chemical company, announced the purchase of Cobra Chemicals Inc. for an undisclosed amount. Headquartered in Liberal, Kansas, Cobra Chemicals serves independent oil and gas companies located in Kansas and northern Texas.
A leading production chemical company, Multi-Chem has 37 locations worldwide and more than 310 employees. The company's line of production chemicals and application strategies includes solutions for stimulation stability, production uptime, gas enhancement, system integrity and flow assurance. Due to the value-added nature of its products and services, Multi- Chem has grown more than 60 percent and added 115 new employees in 2006.
"Cobra Chemicals' staff, products and values dovetail perfectly with Multi-Chem," said James Archer, president and chief executive officer, Multi- Chem Group. "Our acquisition of Cobra is part of our continuing growth strategy; they're a great fit culturally and professionally."
Multi-Chem will maintain the current facility and its staff. Over the next 18 months, Multi-Chem anticipates adding additional staff and strengthening its presence in surrounding areas.
About Multi-Chem Group LLC
Multi-Chem, headquartered in San Angelo, Texas, is the premier global oilfield production chemicals company, providing unparalleled technical expertise and superior local service to its customers. Multi-Chem's production chemicals and technical expertise solve critical challenges from the perforations to the plant.
Source: Multi-Chem Group LLC
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