KMG, a global provider of specialty chemicals, signed a definitive agreement to acquire Flowchem, a leading manufacturer of pipeline performance products, from Arsenal Capital Partners.
Based in Waller, TX, Flowchem is a global provider of drag-reducing agents, related support services and equipment to midstream crude oil and refined fuel pipeline operators. Drag reducing agents (DRAs), are specialty chemicals injected into midstream pipelines to reduce friction near the pipeline walls and within the turbulent fluid flowing through the pipeline network.
By lessening fluid turbulence in pipelines, DRAs are highly effective in optimizing pipeline flow and lowering pipeline operating costs by increasing throughput capacity and reducing operating pressure.
Flowchem manufactures a broad family of DRAs, enabling the company to provide the most appropriate and effective DRA for its customers’ needs and serves more than 50 pipeline operators worldwide, as well as midstream service providers and distributors.