May 10, 2013, 8:32 AMFlotek Industries (FTK) agrees to acquire privately-held citrus oils producer Florida Chemical for ~$102M in cash and stock, a deal the specialty chemical company says will help it secure key raw materials. Florida Chemical makes bio-based products for the oil and gas business, among others, and has been a FTK supplier for 15 years. | May 10, 2013, 8:32 AM | Comment!
Apr. 9, 2013, 11:47 AMGE's planned purchase of pump maker Lufkin (LUFK) at the industry’s most expensive price tag highlights demand for oilfield equipment that may spark takeover interest from large-cap oilfield servicers for Weatherford (WFT), Flotek (FTK) and Tesco (TESO), Bloomberg writes. Even after WFT surged yesterday on the Lufkin news, its $18B enterprise value still equals just 7.3x trailing 12-month EBITDA. | Apr. 9, 2013, 11:47 AM | Comment!
Flotek Industries Inc provides drilling and production products and services to the energy and mining industries. The Company offers oilfield specialty chemistries and logistics, downhole drilling tools, and production related tools.
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