Greenberg Traurig, LLP announced on May 11 that it represented Praana Group in the acquisition of a portion of Halliburton Company’s Multi-Chem business. The transaction involves an India-based holding group and a recognized provider of oilfield chemical services.
The move is significant for both companies as it allows Praana Group to expand its specialty chemicals platform and strengthen its presence in the energy sector. Multi-Chem will now operate as part of Sterling Specialty Chemicals under Praana Group, with an emphasis on maintaining continuity for employees and customers.
According to the announcement, the combined organization will integrate Sterling Specialty Chemicals’ expertise in specialty chemical manufacturing, polymer technologies, and advanced surfactant systems with Multi-Chem’s established field service capabilities. This partnership aims to provide enhanced support for oil and gas operators through high-performance chemical solutions across upstream, midstream, and downstream operations.
Praana Group operates globally with interests spanning specialty chemicals and advanced materials. Its portfolio includes Galata Chemicals, Artek Surfin Chemicals, Sterling Specialty Chemicals, and 3B Fibreglass. The company continues to pursue growth through strategic acquisitions serving industries such as construction, automotive, energy, textiles, and consumer sectors.
The Greenberg Traurig team working on this deal was led by New York Corporate Shareholders Kalyan “Kal” Das and Adam S. Namoury along with several associates from various offices specializing in areas including tax law, international trade, real estate law, intellectual property technology law, environmental law, litigation matters as well as labor and employment.
