Pilot Chemical Co. recently announced it has purchased Liquid Minerals Group Inc. (LMGI), located in New Waverly, Texas. LMGI manufactures products for the oil field, refinery, power generation and marine industries and serves customers worldwide. The acquisition reportedly expands Pilot's business into the organometallic fuel additives markets, as well as provides further growth opportunities for Pilot’s existing surfactants and antimicrobial businesses.
“The acquisition of LMGI greatly enhances the opportunities for growth and allows for further expansion into new technologies and manufacturing capabilities,” said Mike Scott, president.
“We are extremely pleased to become part of a highly regarded organization like Pilot, with which we have had a long and positive history,” said Mark Hughes, CEO.
LMGI will retain its name under Pilot’s leadership. Hughes and Smith will remain as consultants throughout an extended transition to ensure secure and smooth business operations.