KMG, Fort Worth, TX, (NYSE:KMG), has agreed to acquire Flowchem, Waller, TX, a manufacturer of pipeline performance products, from Arsenal Capital Partners. KMG will acquire the company for $495 million in cash, including working capital of approximately $17 million.
The acquisition will establish KMG as a global provider of performance products and services for optimizing pipeline operations and throughput. The acquisition also expands KMG’s product offerings and capabilities in the pipeline services market.