International chemical manufacturer, Croda, has strengthened its Oil & Gas portfolio through its purchase of JD Horizons.
SAS Daniels advised the shareholders of JD Horizons and Addleshaw Goddard, acting for Croda.
JD Horizons, a UK based business specialising in ‘Solutions for Flow Assurance’ technology, was founded in 1999 and has become a proven leader in flow assurance applications for international oil markets, most notably for its FlowSolve™ range.
Croda’s purchase of the trade and assets of the business supports its position in oilfield chemicals and reinforces its commitment to supplying specialty additives to the oil and gas industry from point of discovery to the refinery.
As part of the acquisition, Jack Dunlop, the founder of JD Horizons, brings his customer relationships and industry expertise to Croda, and acts as a consultant for the company.
Jeremy Orrell, Head of the Corporate team and Finance Partner at SAS Daniels LLP, said: “This deal will further strengthen Croda’s Oil & Gas offering and its acquisition of JD Horizons will benefit the company’s existing and new customer base through optimised product performance, global technical support and reliable high standards.
“The deal is one of a series we have advised on, having recorded 80 per cent month-on-month growth in corporate activity and completed 30 deals already this year.”