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November 5, 2013

Innospec expands presence in oilfield chemicals with acquisition of Bachman Services

Mary Page Bailey

Innospec Inc. (Littleton, Colo.; 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.

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