Halliburton acquires oilfield service firm Multi-Chem
10/3/2011 12:00:00 AM
Energy products and services major Halliburton has completed its previously-announced acquisition of oilfield chemicals firm Multi-Chem.
Initially announced in September, the acquisition further strengthens Halliburton’s total offering while improving its competitiveness in a rapidly expanding global business, the company said.
Multi-Chem is the fourth-largest provider of production chemicals in North America, delivering specialty chemicals, services and solutions to help oil and gas companies develop resources in more than 30,000 oil and natural gas wells around the world.
Financial terms were not disclosed.
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