US' Merichem Technologies acquires Chemical Products Industries

25 Apr '24

16 min read

Merichem Technologies (the “Company”), a portfolio company of Black Bay Energy Capital (“Black Bay”), announced the closing of its acquisition of Chemical Products Industries (“CPI”), a provider of novel chemistries for sulfur removal and industrial cleaning applications. CPI’s flagship product line, the SULFURTRAP family of adsorbents, delivers a highly efficient, lower cost, and environmentally friendly solution for sulfur contaminants in natural gas and biogas. The acquisition of CPI aligns with Merichem Technologies’ strategy to be a leading provider of sulfur treating solutions across a broad range of concentrations and end-markets.

Merichem Technologies, acquired by Black Bay in early 2024, is a global provider of sulfur treating solutions, including market-leading technologies such as LO-CAT, FIBER FILM, THIOLEX, MERICAT, MERICON, and a suite of proprietary chemical catalysts. The Company has treated sulfur and related impurities for decades, across various end markets that include refining, renewable fuels, biogas, midstream, petrochemical, and other industrial applications.

“The acquisition of CPI aligns perfectly with Merichem Technologies’ strategy to expand its technology suite and our goal to be the end-to-end market leader in sulfur treatment,” said Cyndie Fredrick, CEO of Merichem Technologies. “With our unparalleled track record across multiple industries, Merichem Technologies can now be viewed as the one-stop-shop for clients seeking sulfur treatment solutions.”

CPI’s products will be integrated into the Merichem Technologies’ Catalyst Division, leveraging a global sales force and clients across multiple continents. The CPI team will be joining Merichem Technologies’ Catalyst Division and Jordan Flaniken, current Chief Operating Officer of CPI, will be leading the new Adsorbent product line for the Company. William Rouleau, SVP of Catalysts for Merichem Technologies, added “We couldn’t be more excited to bring the CPI team and technologies to our strong base of proprietary chemical offerings. CPI has a long history of delivering innovative solutions for its diverse client base, and this history aligns well with Merichem Technologies’ goal of providing technologies across the entire sulfur spectrum.”

CPI, based in Oklahoma City, was co-founded by the late Dr. Floyd Farha and has built a strong client base across the renewable fuels, biogas, downstream, midstream and industrial markets. Since inception, CPI has endeavored to formulate high-quality and environmentally friendly products for a variety of industrial applications.

CPI’s industrial surfactants product lines were also part of the transaction, which includes the AQUA-CLEEN, MICRO-CLEEN, and DITHIAZOLV chemistries, among others.