RICEBORO, Ga., Aug. 5, 2024 — SNF, the global leader in water-soluble polymers, has signed agreements to acquire PfP Industries and Ace Fluid Solutions. The acquisitions are expected to close soon. These strategic acquisitions demonstrate SNF’s commitment to providing the best solutions for its upstream oil and gas customers and driving long-term value.
PfP Industries, a global leader in ‘dry on the fly’ and slurry friction reducer technologies and applications, has a long history of providing trusted solutions. Ace Fluid Solutions, with its expertise in fluid management, has a strong reputation for offering innovative technologies and exceptional service to customers in the Permian Basin.
“These acquisitions highlight SNF’s continued commitment to providing innovative and customized solutions to the oil and gas industry. We will be able to offer a diverse range of friction reducers in each basin – emulsion, slurry, or dry – that can be combined with additional frac fluid chemistry, such as surfactants, scale control agents, guar, crosslinkers, and other water treatment products and services. This comprehensive offering combines the strengths of PfP, ACE, and SNF to provide the best products and services to meet our customers’ specific needs.” – Brian Satterfield, VP of SNF Oil and Gas.
The integration timeline for PfP Industries and Ace Fluid Solutions will be announced at a later date.
About SNF ()
SNF is a specialty chemical group headquartered in Andrezieux, France, whose products contribute to treating, recycling, preserving water, saving energy, and reducing carbon footprint. As a pioneer in soft chemistry, SNF has a global presence, employing 8,150 people, including 2,300 in the U.S.A. SNF’s growth is driven by innovation and a commitment to a cleaner, less carbon-intensive world. In 2023, SNF achieved a turnover of €4.5 Billion.
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SOURCE SNF Holding Company