Halliburton Enters Reactive Chemistry Space with Athlon Acquisition

Halliburton Co. (NYSE: HAL) said July 24 it entered the reactive chemistry space through the acquisition of Athlon Solutions LLC.

Athlon, which Halliburton acquired for an undisclosed amount, provides specialty water and process treatment chemicals, customized engineering solutions and services for global customers as well as all major refinery and petrochemical areas in the U.S. The company is based in Houston and has 250 employees.

Halliburton has aimed to grow artificial lift in production chemicals and the acquisition of Athlon is an execution of that plan, President and CEO Jeff Miller said during the company’s earnings call on July 23