One-Page Deal Sheet
Weatherford to Sell Off Drilling Fluids Business in $825MM Deal
The Lubrizol Corporation Weatherford International Ltd.
Announced Date
December 01,2014
Transaction Type
Asset
Location
Country
United States
Transaction Details: Subscribe to see
Weatherford International plc has signed a definitive agreement with an affiliate of The Lubrizol Corporation, a Berkshire Hathaway company, for the sale of the Company's engineered chemistry and Integrity drilling fluids business. The businesses will be sold for $750 million in cash, subject to customary purchase price adjustments, plus a potential increase of $75 million for an earnout that is tied to the post-closing performance of the businesses.
Weatherford's engineered chemistry business provides chemical treatments for oil and gas production and produced waters as well as additives…
United States Deal Activity In Last 12 Months
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| Nov-04-2014 |
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| Oct-17-2014 |
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| Oct-16-2014 |
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| Sep-23-2014 |
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| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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| Mar-10-2026 |
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| Feb-26-2026 |
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| Feb-18-2026 |
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| Feb-17-2026 |
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| Feb-02-2026 |
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