Mumbai, December 5, 2025 – Fineotex Chemical Limited (BSE: 533333 | NSE: FCL), a global leader in specialty performance chemicals, has announced a strategic acquisition in the United States through its wholly-owned subsidiary, Fineotex Biotex Healthguard FZE. The acquisition encompasses equity stakes in four U.S.-based specialty chemical companies:
- CrudeChem Technology LLC
- FrackMex Equipment and Services LLC
- Oil Pro Advantage INC
- Lonestar Technoboost LLC
The move marks a transformative step in Fineotex’s global expansion strategy and reinforces its commitment to providing advanced, sustainable, and high-performance chemical solutions for the oil and gas industry.
Acquisition Highlights
- CrudeChem Technology LLC: Fineotex acquires a 33% stake at a cost of
$ 1,10,07,360. CrudeChem is a U.S.-based specialty chemical manufacturer serving major oilfield companies, with FY 2024-25 turnover of $5.3 million.
- FrackMex Equipment and Services LLC: Fineotex acquires a 33% stake at a cost of $1,79,200, with FY 2024-25 turnover of $3.25 million.
- Lonestar Technoboost LLC: Fineotex acquires a 33% stake at a cost of $4,480, with FY 2024-25 turnover of $ 1.11 million.
- Oil Pro Advantage INC: Fineotex acquires a 33% stake at a cost of $8,960, with FY 2024-25 turnover of $ 0.45 million.
All acquisitions are being made via cash consideration and are expected to be completed within one month, subject to mutual agreement of the parties. None of the transactions involve related party interests, and all are conducted on an arm’s length basis.
Strategic Rationale
The acquired companies are established providers of specialty oilfield chemicals, offering advanced fluid additives and comprehensive chemical solutions to the global oil and gas sector. Their client base includes some of the world’s largest energy producers and oilfield service companies. The acquisitions will significantly strengthen Fineotex’s technological capabilities, broaden its product portfolio, and accelerate its footprint in the high-growth U.S. oilfield chemical market.
Commenting on the development, Mr. Sanjay Tibrewala, Executive Director, Fineotex Chemical Limited, said:
“This acquisition marks a milestone in Fineotex’s global growth strategy to build a $200 million oilfield chemical business in the coming years. The U.S. companies’ technological expertise, strong customer relationships, and commitment to sustainable performance perfectly complement our long-term vision. Together, we are creating a global platform that will deliver world-class specialty solutions and set new benchmarks in innovation and environmental responsibility.”
About Fineotex Chemical Limited
Fineotex Chemical Limited is a leading manufacturer of specialty performance chemicals, serving sectors including textiles, water treatment, oil & gas, home care, and allied industries. With modern manufacturing facilities in India and Malaysia and operations across 70+ countries, Fineotex is recognized for its innovation, sustainability, and commitment to performance excellence.