Dorf Ketal Chemicals announces Canadian acquisition (Fluid Energy Group) ? Mumbai based speciality chemicals firm, Dorf Ketal Chemicals India Pvt Ltd has announced that its wholly-owned subsidiary, Dorf Ketal FZE, has acquired the modified and synthetic acids and industrial businesses of Canada-based Fluid Energy Group Ltd. The acquired assets, which also included the Triton industrial business, had a turnover of approximately CAD 80 million ($60-mn) in calendar year 2022. ? The acquired company will operate as Fluid Energy Ltd, a corporation incorporated under the laws of the province of Alberta, Canada. ? Fluid Energy’s patented product line of modified and synthetic acids are applied widely across a range of industries, including water treatment, energy and petroleum, mining, industrial, consumer, and food & beverage. ? “This acquisition will bring additional strategic assets, innovative new technology, talented people, and strong customer relationships into Dorf Ketal,” said Mr. Subodh Menon Founder, Director – Business and Operations, of Dorf Ketal Chemicals India Pvt Ltd. ? The technology aligns with Dorf Ketal’s global ESG focus, and the acquired business has a significant impact on improving HSE profile, greatly reducing water consumption and CO2 emissions from operations, all while greatly reducing or eliminating the risks associated with storing, transporting, and handling strong mineral acids, the company said in a press note. ? The acquisition was partially funded from internal accruals and long term loan from Citi India and India Exim Bank. ? Follow Chemical Weekly page for regular industry updates ? Subscribe to Chemical Weekly magazine: https://lnkd.in/g3S4ZSu9 ? Chemical Weekly is the official media partner for ChemExpo India 2023 (Apr 18-19, Mumbai). To know more visit www.chemexpoindia.com ? #chemicals #chemicalindustry #chemicalweekly #specialitychemicals #modifiedacids #syntheticacids #watertreatment #energy #petroleum #mining #industrial #technology #consumer #food #beverage #acquisition #business #mineralacids www.chemicalweekly.com Chemical Weekly
