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Solvay to Acquire U.S.-based Chemlogics

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Solvay  ahas signed an agreement to acquire privately-held Chemlogics for a total cash consideration of $1.345 billion. Adding the U.S.-based company to Solvay’s Novecare business unit will create a leader with an extensive portfolio of tailored chemical solutions for the fast-growing oil & gas market, serving stimulation, cementing, production and water management applications.

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