Syrgis Performance Products has sold its subsidiary, PChem, Inc., to Weatherford International, enhancing Weatherford's oilfield service capabilities through PChem's specialized chemical solutions.
Target Information
Syrgis Performance Products, LLC has successfully divested its wholly owned subsidiary, PChem, Inc. PChem is a specialized manufacturer of oilfield service chemicals, offering a diverse range of products tailored for the oil and gas industry. This strategic sale aligns with Syrgis's long-term vision to focus on core business areas while allowing PChem to thrive under new ownership.
Weatherford International, Ltd., a leader in the oilfield services sector, has acquired PChem to enhance its chemical offerings. The acquisition is expected to streamline and strengthen Weatherford’s position in the market by integrating PChem’s innovative solutions into its portfolio.
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Industry Overview
The oilfield services industry is a critical segment of the global oil and gas market, encompassing various services from exploration to production. In Switzerland, where Weatherford is based, the sector has seen signifi
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