Merichem Technologies Enhances Sulfur Treatment Capabilities with Acquisition of Chemical Products Industries
April 24 2024 - 10:00AM
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.
Merichem Technologies, acquired by Black Bay in early 2024, is a
global provider of sulfur treating solutions, including
market-leading technologies such as LO-CAT®, FIBER FILM®, THIOLEX®,
MERICAT®, MERICON®, and a suite of proprietary chemical catalysts.
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.
“The acquisition of CPI aligns perfectly with Merichem
Technologies’ strategy to expand its technology suite and our goal
to be the end-to-end market leader in sulfur treatment,” said
Cyndie Fredrick, CEO of Merichem Technologies. “With our
unparalleled track record across multiple industries, Merichem
Technologies can now be viewed as the one-stop-shop for clients
seeking sulfur treatment solutions.”
CPI’s products will be integrated into the Merichem
Technologies’ Catalyst Division, leveraging a global sales force
and clients across multiple continents. The CPI team will be
joining Merichem Technologies’ Catalyst Division and Jordan
Flaniken, current Chief Operating Officer of CPI, will be leading
the new Adsorbent product line for the Company. William Rouleau,
SVP of Catalysts for Merichem Technologies, added “We couldn’t be
more excited to bring the CPI team and technologies to our strong
base of proprietary chemical offerings. CPI has a long history of
delivering innovative solutions for its diverse client base, and
this history aligns well with Merichem Technologies’ goal of
providing technologies across the entire sulfur spectrum.”
CPI, based in Oklahoma City, was co-founded by the late Dr.
Floyd Farha and has built a strong client base across the renewable
fuels, biogas, downstream, midstream and industrial markets. Since
inception, CPI has endeavored to formulate high-quality and
environmentally friendly products for a variety of industrial
applications.
CPI’s industrial surfactants product lines were also part of the
transaction, which includes the AQUA-CLEEN®, MICRO-CLEEN™, and
DITHIAZOLV™ chemistries, among others.
About Merichem Technologies
Merichem Technologies is a global provider of sulfur treating
solutions, including market-leading technologies such as LO-CAT®,
FIBER FILM®, THIOLEX®, MERICAT®, MERICON®, and a suite of
proprietary chemical catalysts. The Company’s capabilities include
design, engineering, fabrication, R&D, and implementation of
adsorbents, chemicals, catalysts and mechanical solutions to treat
sulfur and other impurities across many different industries and
markets including landfill gas, odor control, CO2 recovery,
geothermal, renewable fuels, midstream oil & gas treating, and
downstream. Merichem Technologies’ reputation has been built over
several decades, with mission critical applications across the
globe. For more information, please visit www.merichemtech.com.
About Black Bay
Black Bay is a private equity firm that invests equity capital
in partnership with entrepreneurial management teams who are
building high-growth companies in the energy and chemical
industries. 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.
The firm’s objective is to drive success through a relentless
commitment to establishing and cultivating a true partnership with
portfolio company management teams, and a belief that deeply rooted
partnerships generate outsized returns by fostering collaboration
and creativity. Black Bay is currently investing out of its second
fund and has approximately $500+ million of assets under
management. For more information, please visit
www.blackbayenergy.com .
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Cyndie Fredrick 713-428-5322