Flotek closes International Polymerics Inc. acquisition

August 19th, 2016

Houston-based oilfield-technology developer Flotek Industries Inc. has closed its acquisition of International Polymerics Inc. and affiliates. Flotek paid approximately $7.9 million and issued some 248,000 shares of common stock as consideration for the acquisition. Founded in 2004, Dalton, Ga.-based IPI is one of the largest domestic suppliers of natural polymers, including guar (used in hydraulic […]

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