Innospec expands presence in oilfield chemicals with acquisition of Bachman Services
Mary Page Bailey
Innospec Inc. (Littleton, Colo.; www.innospec.com) announced that it has acquired Bachman Services Inc. and its affiliated companies from its private owners. Bachman is a leader in chemicals and services for the oil and gas industry, based in Oklahoma City, Okla. The Bachman companies have combined annual sales of around $80 million. The acquisition has been funded through the successful negotiation of an amendment and increase to the company's existing revolving credit facility agreement up to $200 million.