Verdant Specialty Solutions Acquires Two Companies From Chemical Services Group
DeForest Enterprises and ParaFlow Energy Solutions are the beginning of Verdant's stated acquisition growth
Verdant CEO, John Foley
Verdant Specialty Solutions (Houston, TX) announced that it has acquired DeForest Enterprises and ParaFlow Energy Solutions from Chemical Services Group, a privately-owned US chemicals company. Through these acquisitions, Verdant’s portfolio of surfactants and specialty solutions for industrial, institutional, and consumer segments expands.
DeForest Enterprises is a specialty surfactants company with a range of chemistries including low foam wetting agents, alkaline and acid-stable surfactants, chlorine and peroxide stable surfactants, high and low foam amphoteric surfactants, hydrotropes, water-soluble corrosion inhibitors, and phosphate esters.
ParaFlow Energy Solutions provides products applicable to paraffin mitigation in upstream crude oil production and technologies for use in demulsifier applications to assist in solids and iron drop-out, as well as for the separation and recovery of valuable hydrocarbons from refinery slop oil and crude oil storage tank bottoms.
Together, DeForest and ParaFlow serve more than 100 customers in markets including industrial and institutional cleaning, metalworking and metal finishing, oilfield, pigments and inks, construction and auto care.
Both companies are based in Boca Raton, Florida, and led by President Jeff Edwards. Edwards will join Verdant as Project Director and a member of the management team. He will be responsible for the integration of DeForest and ParaFlow.
Verdant CEO, John Foley remarks that the two acquisitions expand Verdant’s portfolio of surfactants to help customers across a broad range of markets find creative solutions and capitalize on new opportunities.
Verdant is a portfolio company of OpenGate Capital, a global private equity firm. OpenGate acquired Solvay’s secondary surfactants business on April 30th, 2021, and the business was immediately renamed Verdant Specialty Solutions. This business has a long and highly regarded tradition of surfactant innovation and technical service going back to its origins as McIntyre Group in the 1970s.
Verdant Specialty Solutions |www.verdantspecialty.com
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