Verdant buys Baze Chemical
Verdant Specialty Solutions has acquired its US compatriot Baze Chemical from its founder, Curtis Baze. Terms were not disclosed. Baze is based at Odessa, Texas, employs 82 employees and mainly supplies ethoxylates for the oil and gas production, water treatment and mining industries.
Baze’s four facilities on the Gulf Coast include a 12,000 m2 surfactants manufacturing and custom alkoxylation facility in Palestine, Texas, which opened in 2016. This has six flexible reactors for EO and PO, abundant storage and significant capacity for growth, Verdant said.
The other facilities are at Liberty, Texas, which makes fatty acids and derivatives, fatty amine salts and acetates, surfactants, quaternary ammonium, aminophosphonates and polymers. Baze also offers corrosion inhibitors, emulsion breakers, paraffin inhibitors, scale inhibitors and water clarifiers at Odessa and New Iberia, Louisiana.
Many of Baze’s oilfield products have potential applications in Verdant’s core markets of personal care, home and hygiene, agrochemicals, paints and coatings. In all, it will have over 375 surfactants and speciality products in its portfolio.
This is the second acquisition Verdant has made since being carved out of Solvay under the ownership of OpenGate Capital. In July, it bought DeForest Enterprises and ParaFlow Energy Solutions in a single transaction from Chemical Services Group