Fineotex Chemical Limited has announced a significant acquisition of CrudeChem Technologies Group, a US-based leader in specialty oilfield chemicals, through its subsidiary.
This strategic move marks a pivotal step in Fineotex's ambition to expand its global footprint and technological capabilities in sustainable chemical solutions.
Fineotex Chemical Limited, a prominent player in specialty performance chemicals, has taken a transformative step by acquiring CrudeChem Technologies Group. This US-based company is renowned for its advanced chemical fluid additives and comprehensive oilfield solutions, serving some of the world's largest energy producers.
CrudeChem's expertise in environmentally responsible oilfield chemistry aligns with Fineotex's vision for efficient and ESG-compliant solutions.
The acquisition provides Fineotex with a robust foundation to tap into the North American market, which is projected to be worth $11.5 billion in 2025.
With facilities in Texas, including a world-class technical laboratory, CrudeChem Technologies offers Fineotex a strong platform for scientific and operational excellence.
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As per the exchange filings, Mr Sanjay Tibrewala, Executive Director of Fineotex Chemical Limited, said “This acquisition marks a defining remarkable moment in Fineotex global growth journey to build a $200 million oil field chemical business within the coming years. Fineotex will hold a controlling stake and plans to gradually increase its investment and ownership over the coming years.”
Fineotex Chemical Limited is a leading manufacturer of specialty performance chemicals, catering to industries such as textiles, water treatment, oil & gas, and home care.
With modern manufacturing facilities in India and Malaysia, and a presence in over 70 countries, Fineotex is committed to driving innovation and sustainability across global markets.
As of December 05, 2025, at 2:32 PM, Fineotex Chemical share price on NSE was trading at ₹25.45 up by 6.17% from the previous closing price.
Fineotex Chemical's acquisition of CrudeChem Technologies marks a significant milestone in its global expansion strategy. By integrating CrudeChem's expertise and facilities, Fineotex is poised to enhance its offerings in the oil and gas sector, aligning with its goals of innovation and environmental responsibility.
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Published on: Dec 5, 2025, 3:28 PM IST
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