Sterling Specialty Chemicals to acquire a portion of the Multi-Chem business from Halliburton.

Sterling Specialty Chemicals, a chemicals producer, located in Houston, agreed to acquire a portion of the Multi-Chem business from Halliburton, a major American multinational corporation and one of the world's largest providers of products and services to the global energy industry. Financial terms were not disclosed. The Multi-Chem business brings a strong heritage of delivering value to customers through services and high-performance specialty chemicals across completion, production, midstream, and downstream applications, with capabilities spanning stimulation chemicals, production chemicals, and advanced water-treatment formulations. The business operates a diversified footprint, featuring five advanced chemical facilities across the US and the Middle East — including the state-of-the-art Desert Rose plant in Jubail, Saudi Arabia — as well as ten US field locations and key sites such as Geismar, Bayport, Sonora, and the Houston R&D center.