Dorf Ketal acquires Impact Fluid Solutions for oil & gas expansion

Dorf Ketal Chemicals, based in Mumbai, India, has announced the acquisition of Texas-based Impact Fluid Solutions, a prominent provider of downhole fluid additives used in industrial drilling applications. The acquisition aims to expand Dorf Ketal’s suite of solutions for oil and gas production, aligning with its commitment to improving health, safety, and environmental (HSE) performance.

Strategic expansion and innovation

Impact Fluid Solutions, with a turnover of USD60 million in 2023, brings strategic assets, innovative technology, and strong customer relationships to Dorf Ketal. The acquisition, which is subject to regulatory approvals, is expected to significantly enhance Dorf Ketal’s product offerings and global market reach.

“Impact will bring additional strategic assets, innovative new technology, talented people, and strong customer relationships to Dorf Ketal,” said Subodh Menon, founder and vice chairman of Dorf Ketal. “This acquisition supports our continued sustainable global growth, further enabling us to provide innovative services across a wide range of industries while reducing the environmental impact of our business and our customers’ operations.”

Synergy and sustainable growth

Curtis Huff, chairman of Impact Fluid Solutions, emphasised the cultural fit and growth potential resulting from the acquisition. “It’s an excellent fit culturally, as both companies are deeply committed to promoting sustainable business practices and contributing to the communities we serve. Dorf Ketal’s size and strength will improve Impact’s ability to serve existing clients and help us penetrate new global markets,” Huff stated.

The acquisition is expected to leverage Dorf Ketal’s extensive infrastructure and global reach, accelerating growth and enhancing the company’s ability to deliver high-quality solutions to the oil and gas sector.

Advisory and support

Dorf Ketal was advised by EY India on this strategic transaction, while the Energy and Power Division of Piper Sandler served as the exclusive corporate finance advisor to Impact Fluid Solutions’ shareholders.

This strategic acquisition marks a significant milestone for Dorf Ketal, reinforcing its position as a leader in specialty chemicals and its commitment to sustainable growth and innovation.