Fineotex Chemical to Acquire Controlling Stake in US Oilfield Firm
Filing Summary
Fineotex Chemical Limited, through its subsidiary, entered a definitive agreement to acquire a controlling stake in the U.S.-based CrudeChem Technologies Group. The target company manufactures specialty chemical fluid additives for the global oil and gas sector, operating a laboratory and two facilities in Texas. The filing states Fineotex Chemical plans to gradually increase its investment and ownership over time. It also notes a company goal to build a $200 million oil field chemical business in the coming years.
Fineotex Chemical Limited announced on 5 December 2025 that its wholly-owned subsidiary has entered into a definitive agreement. The agreement is for the acquisition of an equity interest in the U.S.-based specialty chemical manufacturer, CrudeChem Technologies Group.
Under the terms of the transaction, Fineotex Chemical Limited will hold a controlling stake in the acquired entity. The company also stated its plan to gradually increase its investment and ownership over the coming years. The filing included a stated goal to build a $200 million oil field chemical business.
The acquisition target, CrudeChem Technologies Group, provides advanced chemical fluid additives and comprehensive oilfield chemical solutions. The company serves customers in the global oil and gas sector. The filing notes that the addressable market size for this industry in North America is $11.5 billion in 2025.
CrudeChem Technologies Group’s operational assets include a technical laboratory in Texas. The company is also supported by facilities located in Midland, Texas, and Brookshire, Texas. Its business focus includes providing ESG-compliant solutions for the full lifecycle of oil and gas wells.
CrudeChem Technologies Group is a U.S.-based manufacturer of specialty chemicals for the energy sector. The company’s primary business involves the production of chemical fluid additives and solutions for oil and gas industry applications. It focuses on developing and supplying environmentally responsible oilfield chemistry.
Fineotex Chemical Limited is a manufacturer of specialty performance chemicals. The company’s product portfolio serves industries including textiles, water treatment, oil and gas, and home care. It operates manufacturing facilities in India and Malaysia and maintains a business presence in over 70 countries.