FINEOTEX CHEMICAL COMPLETES $11.5 MILLION ACQUISITION IN US BASED COMPANY

has successfully complete it's strategic $11.50 million acquisition of Crude Chem Technologies Group, securing a 53.33% controlling stake in four US-based specialty oilfield chemical companies. The debt-free target generates $68 million in combined annual revenue and approximately $4.00-4.50 million EBITDA, with consolidation beginning December 15, 2025. The company's management expects at least 25% CAGR growth and aims to build a $200 million oilfield specialty chemicals business, supported by over ₹300 crores in cash reserves and planned investments exceeding $10 million in plant and machinery expansion. With a market capitalization of Rs 2,782 crore, the company has delivered good profit growth of 40% CAGR over last 5 years. The company's stock price has corrected by more than 45% in the last one year and is currently consolidating in the range of Rs 24-28 per share. Any breakout above Rs 30 per share could indicate a bullish momentum.