Pilot Chemical Company, headquartered in Cincinnati, Ohio, U.S.A., has acquired Liquid Minerals Group, Inc. (LMGI) located in New Waverly, Texas, U.S.A. Terms of the deal were not disclosed.
The acquisition will expand Pilot’s business into the organometallic fuel additives markets, as well as provide further growth opportunities for Pilot’s existing surfactants and antimicrobial businesses.
Liquid Minerals Group manufactures products for the oil field, refinery, power generation and marine industries and serves customers worldwide.
“The acquisition of LMGI greatly enhances the opportunities for growth and allows for further expansion into new technologies and manufacturing capabilities,” said Mike Scott, president of Pilot Chemical.
“We are extremely pleased to become part of a highly regarded organization like Pilot, with which we have had a long and positive history,” said Mark Hughes, CEO of LMGI.
“Joining Pilot will lead to future innovation,” said Daniel Smith, president of LMGI.
LMGI will retain its name under Pilot’s leadership. Both Hughes and Smith will remain as consultants to ensure a smooth transition.
Pilot Chemical is a privately owned and independent global specialty chemical company providing high quality products and services to the household and industrial detergent, personal care, lubricant, oilfield, emulsion polymerization, disinfecting and sanitizing industries. Proprietary core technologies involve alkylation, sulfonation, sulfation and a number of other specialty operations, including the production of biocidal quats and tertiary amine derivatives.
Liquid Minerals Group is the largest manufacturer of high concentration oil soluble magnesium fuel additives in the industry with more than 50 years of experience in oil soluble magnesium additive products. The LMGI team has worldwide experience at power plants and refineries with countless gas turbines, boilers and diesel engines. Key markets served include oil field, refinery, power generation and marine.