Specialty chemicals major Dorf Ketal Chemicals India has acquired Impact Fluid Solutions to expand its suite of solutions for oil and gas production. Texas-headquartered Impact Fluid Solutions, which is a provider of downhole fluid additives used in a range of industrial drilling applications, clocked a turnover of USD 60 million in 2023.
Impact will bring additional strategic assets, innovative new technology, talent to Dorf Ketal, supporting sustainable global growth, further enabling it to provide innovative services across a wide range of industries. The acquisition aligns with Dorf Ketal’s commitment to improve its health, safety and environmental (HSE) performance and will help to reduce the environmental impact of its business, as well as for its customers’ operations.
For Impact, the acquisition will allow the company to leverage Dorf Ketal's global reach, and infrastructure for growth. EY India advised Dorf Ketal on this transaction.