We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Flotek Industries Inc | NYSE:FTK | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.012 | -0.34% | 3.468 | 3.5185 | 3.4001 | 3.48 | 20,241 | 20:45:33 |
From May 2019 to May 2024
By Colin Kellaher
Archer Daniels Midland Co. (ADM) on Friday said it agreed to buy Flotek Industries Inc.'s (FTK) Florida Chemical Co. unit for $175 million in cash.
The Chicago agribusiness giant said the acquisition of Florida Chemical, which specializes in citrus-based flavors and fragrances, expands its flavors offering, which currently includes areas such as vanilla and mint.
Flotek, a Houston-based supplier of chemistry and services to the oil and gas industries, said it will use proceeds from the sale to pay off its roughly $50 million credit facility balance. The company said may also invest $20 million to $30 million in organic growth capital projects.
ADM said about 75 Florida Chemical employees with transfer to the company as part of the deal, which it expects to complete in the first quarter.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 11, 2019 07:25 ET (12:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Flotek Industries Chart |
1 Month Flotek Industries Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
