Chemtec Energy Services is to be bought by LB Foster Company, a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets with locations in North America and Europe.
Chemtec, based in Willis, TX, supplies blending, injection and custody transfer metering skids for critical uses in the oil & gas industry.
LB Foster says Chemtec is an ideal acquisition as it expands its ability to provide engineered solutions for the midstream market where a substantial amount of pipeline infrastructure is still needed.
“The addition of Chemtec Energy Services to LB Foster’s expanding energy group offers new markets within our existing customer base and adds exciting growth potential,” said Robert Bauer, LB Foster president and CEO. Bauer further noted: “Chemtec is building on five years of significant growth as customers continue to recognise its quality products and high level of service.”
Chemtec’s professional relationships with end users and contractors bring significant opportunities for LB Foster to increase turnkey services, strengthen market reach, and expand into midstream and upstream oil & gas operations. The Houston area company has expertise in applying flow technologies for measurement and custody transfer applications. Chemtec’s knowledge of regulations and safety requirements are critical to industry operators, LB Foster believes.