Flotek Industries, Inc.(FTK)- NYSE
  • May 10, 2013, 8:32 AM

    Flotek 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
  • Apr. 9, 2013, 11:47 AM

    GE'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