Merichem Technologies (the “Company”), a portfolio company of Black Bay Energy Capital (“Black Bay”), announced the completion of the acquisition of Chemical Products Industries (“CPI”), a supplier of new chemicals For sulfur removal and industrial cleaning applications. CPI's flagship product line, the SULFURTRAP series of adsorbents, offers a highly effective, lower cost and environmentally friendly solution for treating sulfur contaminants in natural gas and biogas . The acquisition of CPI aligns with Merichem Technologies' strategy to become a leading provider of sulfur treatment solutions across multiple focus ranges and end markets.
Merichem Technologies completes acquisition of Chemical Products Industries (CPI). CPI's SULFURTRAP adsorbent enhances sulfur removal in natural gas and biogas. The integration into Merichem's Catalyst Division aims to expand its sulfur treatment solutions. The acquisition is consistent with Merichem's strategy to lead the sulfur treatment market with diverse technologies.
Merichem Technologies, acquired by Black Bay in early 2024, is a global provider of sulfur treatment solutions, including market-leading technologies such as LO-CAT, FIBER FILM, THIOLEX, MERICAT, MERICON and a set of proprietary chemical catalysts. The company has been processing sulfur and related impurities for decades, across a variety of end markets including oil refining, renewable fuels, biogas, midstream, petrochemical and industrial applications. other career.
“The acquisition of CPI is fully aligned with Merichem Technologies' strategy to expand its technology suite and our goal of becoming a comprehensive market leader in the sulfur processing sector,” said. Cyndie Fredrick, CEO of Merichem Technologies. “With our outstanding track record across multiple industries, Merichem Technologies can now be considered a one-stop shop for customers looking for sulfur treatment solutions.”
CPI's products will be integrated into Merichem Technologies' Catalyst Division, leveraging a global sales force and customers across multiple continents. The CPI team will join Merichem Technologies' Catalysis Division and Jordan Flaniken, CPI's current CEO, will lead the new Adsorbents product line for the Company. William Rouleau, SVP of Catalysts for Merichem Technologies, added “We couldn't be more excited to bring the CPI team and technology to our strong base of proprietary chemical products. CPI has a long history of delivering innovative solutions to its diverse customer base, and this history aligns well with Merichem Technologies' goal of providing technologies across the entire sulfur spectrum. ”
CPI, headquartered in Oklahoma City, was co-founded by the late Dr. Floyd Farha and has built a strong customer base across the renewable fuels, biogas, downstream, midstream markets and industry. Since its inception, CPI has strived to create high-quality and environmentally friendly products for a variety of industrial applications.
CPI's industrial surfactant product lines are also part of the transaction, including AQUA-CLEEN, MICRO-CLEEN and DITHIAZOLV chemicals, among others.
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Fiber2 Fashion News Desk (HU)
