Belgian group Solvay has acquired U.S. specialist chemicals company Chemlogics for US$1.3 billion (1 bln euros) in a deal intended to boost profits from next year. Chemlogics specializes in products for the U.S. oil and gas industry and had annual sales of US$500 million. The takeover will generate significant synergies and enable Solvay to offer a more complete product range in a U.S. oil and gas extraction market worth US$8 bln overall.
08-Oct-13 
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