KMG Chemicals, Inc., a global provider of specialty chemicals, has acquired the privately held Valves Incorporated of Texas (Val-Tex), a manufacturer of industrial valve lubricants and sealants.
Located in Houston, Texas, Val-Tex is a preferred provider of high quality, cost-effective valve lubricants primarily to the oil and gas storage, pipeline and gas distribution markets. Val-Tex manufactures and distributes industrial sealants and lubricants, as well as related products, such as lubrication equipment and fittings. Val-Tex’s products also add important safety benefits along with preventing fugitive valve emissions.
Chris Fraser, KMG’s chairman and CEO, has stated, “We are very pleased to welcome Val-Tex and its dedicated employees to KMG. With this strategic acquisition, KMG enters the large and fragmented global market for industrial lubricants. Our initial focus will be on seamlessly integrating Val-Tex into KMG and supporting their pursuit of growth opportunities in the North American market. We also see exciting potential to expand Val-Tex’s participation in international markets by leveraging KMG’s global infrastructure and distribution capabilities, particularly in Europe and Asia.”