Innospec unit acquires Strata Control, see accretive within first year Innospec announced that a subsidiary of Innospec has acquired Strata Control Services, a private company that supplies mud and fluid loss solutions to oil and gas drilling operations. The transaction, which was completed on December 24, includes a performance element in the purchase price and represents between 6x 2012 EBITDA and 5x 2013 EBITDA. The deal is expected to be accretive to Innospec within the first year. Strata Control's sales for 2012 were approximately $20M.
Innospec closes on accretive Independence Oilfield Chemicals acquisition Innospec Inc. announced that it has successfully closed the acquisition of Independence Oilfield Chemicals. The company expects the transaction to be accretive immediately, adding around 60c per share to its annualized pre-amortization EPS.