SCF Partners Acquires Flowchem, Sealweld, and Val-Tex
Houston, Texas – March 1, 2024 – SCFPartners, Inc. (“SCF”) is pleased to announce its acquisition of the Pipeline and Industrial Materials business (“PIM”) from Entegris Inc. (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. The PIM business manufactures highly specialized chemicals and other products for midstream infrastructure, and consists of three businesses: Flowchem, Val-Tex, and Sealweld.
Founded in 2001 and based in Houston, Texas, Flowchem is a leading supplier of drag reducing agents (“DRA”), which optimize pipeline flow and increase throughput capacity. Use of Flowchem DRA enables infrastructure operators across the globe to reduce energy consumed in pumping operations, which in turn reduces both costs and associated greenhouse gas emissions.
Val-Tex and Sealweld, founded in 1962 and 1969 respectively, are trusted providers of high-quality valve maintenance products, including sealants, lubricants, fittings, and injection equipment, as well as maintenance and emergency leak repair services. Their products play an important role in not only ensuring safety and performance, but also helping to reduce fugitive emissions.
Flowchem’s CEO, Jon Blair, commented, “We are thrilled to partner with SCF, and believe this partnership will be a source of enormous value creation for both our customers and our people. Our strategic growth plan will now accelerate under a new and focused board with significant energy and infrastructure experience. SCF’s track record of success in our industry gives me confidence as we look to the future.”
Dan West, Director at SCF Partners, stated, “Flowchem, Val-Tex, and Sealweld have built customer trust over decades of delivering specialized products and services that make infrastructure operations safer and more efficient, while reducing both costs and emissions. Aging midstream infrastructure and rising utilization further augment the need for these solutions. Together with the leadership team, we look forward to creating value in the company’s next chapter of growth.”
About Flowchem, Val-Tex, and Sealweld
Flowchem is a leading supplier of Drag Reducing Agents (DRA) which optimize pipeline flow, increase throughput capacity, and maximize overall profitability of pipeline operations. Flowchem provides flow consultation and turnkey solutions for pipeline applications worldwide. For more information, please visit www.flowchem-dra.com.
Val-Tex, founded in 1962, is one of the industry’s premier providers of high-quality valve maintenance products such as sealants, lubricants, fittings, and injection equipment. Val-Tex’s longstanding commitment to product excellence and customer satisfaction has earned the trust and recommendation of the world’s leading valve manufacturers. To learn more, please visit www.valtex.com.
Sealweld has been providing superior valve care products and services since 1969, with a focus on the safe reduction and elimination of pipeline valve leakage. Decades of experience and development of practical solutions have resulted in high-performing valve care products equally suited to either gas or liquid pipelines. For more information, visit www.sealweld.com.
About SCF Partners
Founded in 1989, SCF provides equity capital and strategic growth assistance to build and grow leading energy service, equipment, and technology companies that operate throughout the world. SCF has invested in more than 80 platform companies and made more than 400 additional acquisitions to develop 18 publicly listed energy service and equipment companies over its history. The firm is headquartered in Houston, Texas, and has offices in Calgary, Aberdeen, and Australia. For more information, please visit www.scfpartners.com.
About Entegris Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and other high-tech industries. Entegris has approximately 8,000 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan. Additional information can be found at www.entegris.com.