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Arsenal Capital buys two oilfield chemicals companies

3:02 PM MDT | March 17, 2014

Private equity firm Arsenal Capital (New York) has purchased Kel-Tech (Midland, TX), a maker of chemicals for production, field stimulation, and drilling in the oil and gas sectors, for an undisclosed sum, the firm says. Kal-Tech’s operations are focused on the Permian basin oilfield in western Texas. “Kel-Tech is a leading supplier of solutions to the oil and gas sector, specifically in the growing Permian basin. We look forward to working with Frankie Keller [Kel-Tech president] and his team to support Kel-Tech’s existing customer base and growing the...

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