Sterling Specialty Chemicals, LLC entered into a definitive agreement to acquire Multi-Chem Group, LLC from Halliburton Company (NYSE:HAL) on November 21, 2025.
The transaction is subject to regulatory approval and other customary closing conditions.
Kalyan "Kal" Das, Adam S. Namoury, August Huelle, Cyril T. Brennan, David Edington, David M. Greenberg, Giuliano Apadula, James Maynor, Justin P. Hedge, Keshia M. Tiemann, Khalid A. AI-Thebity, Marwa Al-Siyabi, Whitney Bly Edwards, Ph.D., Whitney Welch-Kirmse and Eunice J. Park of Greenberg Traurig, LLP served as legal advisor to Sterling Specialty Chemicals US LLC.
Halliburton Company is one of the world's leading providers of oil-related services. Net sales break down by activity as follows:
- construction and production services (57.8%);
- drilling and inspection services (42.2%).
Net sales break down by source of income between sales of services (71.3%) and of products (28.7%).
Net sales are distributed geographically as follows: North America (41.9%), Middle East and Asia (26.6%), Latin America (18.4%) and other (13.1%).
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