Foremark Performance Chemicals Acquires NexGen Chemical Technologies
Summary
The acquisition of NexGen aligns with Foremark’s strategy to be the leading provider of solutions that enable the safe and sustainable production of natural gas, helping to support the transition to clean energy. “Natural Gas is a critical energy source needed to meet growing demand in numerous sectors of the global economy, such as electricity generation, manufacturing and transportation, while simultaneously lowering carbon emissions. “We see tremendous growth potential ahead driven by ongoing industry efforts to expand sour gas production in a safe, cost-effective and sustainable way,” said Chris Williamson, CEO of NexGen. “Black Bay was an incredible partner to the NexGen team, providing the support and resources to help us bring continuous innovation to the sour gas marketplace. Black Bay’s strategy is to target companies with innovative products and services that help their clients to reduce costs, improve operations and achieve ESG initiatives.