Merichem Technologies Enhances Sulfur Treatment Capabilities with Acquisition of Chemical Products Industries
Summary
HOUSTON & OKLAHOMA CITY--(BUSINESS WIRE)--Merichem Technologies (the “Company”), a portfolio company of Black Bay Energy Capital (“Black Bay”), announced today the closing of its acquisition of Chemical Products Industries (“CPI”), a provider of novel chemistries for sulfur removal and industrial cleaning applications. CPI’s flagship product line, the SULFURTRAP® family of adsorbents, delivers a highly efficient, lower cost, and environmentally friendly solution for sulfur contaminants in natural gas and biogas. The acquisition of CPI aligns with Merichem Technologies’ strategy to be a leading provider of sulfur treating solutions across a broad range of concentrations and end-markets. The Company has treated sulfur and related impurities for decades, across various end markets that include refining, renewable fuels, biogas, midstream, petrochemical, and other industrial applications. Black Bay’s strategy is to target companies with innovative products and services that help their clients to reduce costs, improve operations, and achieve sustainability initiatives.