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SCF Partners has acquired the Pipeline and Industrial Materials business from Entegris Inc., which includes Flowchem, Val-Tex, and Sealweld. These businesses supply drag reducing agents, valve maintenance products, and services for midstream infrastructure.
Arsenal Capital Partners sold Flowchem, a manufacturer of pipeline performance products, to KMG for $495 million. Flowchem's adjusted EBITDA was approximately $43 million over the past twelve months.