Lowenstein Sandler represented Infineum, a specialty chemicals company and joint venture between ExxonMobil and Shell, in a definitive agreement with Entegris, Inc. (NASDAQ: ENTG) to acquire Entegris’ Pipeline and Industrial Materials business (PIM). Entegris’ PIM business is part of the company’s Specialty Chemicals and Engineered Materials (SCEM) division and includes the Flowchem, Val-Tex, and Sealweld brands and a broad range of Drag Reducing Agents (DRAs) for pipeline operations.
The transaction is expected to close in the fourth quarter of 2022, subject to receipt of required regulatory approvals and other customary closing conditions.
Infineum is a leader in the formulation, manufacturing, and marketing of petroleum additives for lubricants and fuels, with operations and production facilities worldwide.
Entegris is a global supplier of advanced materials for high-tech industries.
The Lowenstein deal team included Nicholas San Filippo IV, Andrew P. Erdmann, Mitchell McDonald, Elvis Pinos, Donna Calia, Brian A. Silikovitz, Sophia Mokotoff, Megan Monson, Richard F. Ricci, Mark S. Heinzelmann, Stuart S. Yusem, Stephen Tanico, Mark P. Kesslen, Nicholas G. Mehler, Oluwaseyi O. Amorin, Seth D. Fiur, Manali Joglekar, Zarema A. Jaramillo, Eric Jesse, Theodore C. Sica, Doreen M. Edelman, Abbey E. Baker, and Christian C. Contardo.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.