REDA Oilfield, a leading supplier of oilfield chemicals and associated services to the oil and gas industry announces today the purchase of Performance Chemicals Inc, based in Calgary, Canada. The acquisition expands the REDA Oilfield network into North America to complement its growing activities in Europe, North Africa, Asia Pacific and the Middle East.
“This sale brings significant additional technical capability and experience to the operations in Canada. This will allow us to
expand our product offering and portfolio to our existing customer base and to expand into further areas in Canada with future investments to come. We believe that REDA Oilfield is very well positioned to maximise the potential of this business” stated Dean Pederson, President of Performance Chemicals Inc, which will be renamed REDA Oilfield Canada Ltd in early 2015.
“This is an important milestone in the expansion and growth of our Oilfield Division and gives us access to a large and expanding market for our oilfield chemical ranges.” commented Gordon Moir, Managing Director of REDA Oilfield UK Ltd based in Aberdeen.