Latham Reps Calumet In $235M Drilling Fluid Co. Buy

Law360, New York (March 26, 2014, 6:08 PM EDT) -- Hydrocarbon goods maker Calumet Specialty Product Partners on Wednesday agreed to buy Oklahoma-based private drilling fluid company Anchor Drilling Fluids USA Inc. in an all-cash deal worth $235 million. 

Anchor makes hydrocarbon production chemicals for 250 explorers and producers working across the country's shale formations. Calumet makes products out of oil, including solvents, asphalt and fuel additives. The purchase of Anchor's holding company, ADF Holdings Inc, will let Calumet step up its game in the massive market for supporting oil and gas developers. 

"With the acquisition...
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