Sterling Auxiliaries Pvt. Ltd. (www.sterlingaux.com) and its parent company, Artek Surfin Chemicals Ltd. (Mumbai, India; www.artekchemicals.com) , a leading producer of specialty chemicals with manufacturing capabilities across four continents, have agreed to acquire the land and assets associated with Baker Hughes’ (Houston, Tex.; www.bakerhughes.com) Sand Springs, Oklahoma, chemicals manufacturing facility.
The Sand Springs facility, which includes approximately 120 employees who will transfer with the sale to Sterling, manufactures oilfield specialty chemicals. As part of the transaction, Baker Hughes will enter into a long-term toll manufacturing agreement with Sterling at the Sand Springs manufacturing site. The new Sand Springs entity will be called Sterling Specialty Chemicals LLC.
The transaction is expected to close by September 30, 2020.
Sterling Auxiliaries (www.sterlingaux.com) is a manufacturer and supplier of surfactants, ethanol amines, antioxidants, esters and specialty chemicals.