Praana Group Completes Acquisition of Multi-Chem (Now Operating as Sterling MultiChem)
May 4, 2026
Praana Group has completed its acquisition of Multi-Chem, which is now operating as Sterling MultiChem within the Sterling Specialty Chemicals platform. The combined entity brings together Sterling Specialty Chemicals’ specialty chemical manufacturing and polymer/surfactant technology with Multi-Chem’s field service capabilities to support oil and gas operators across upstream, midstream, and downstream operations.
- Buyers
- Praana Group
- Targets
- Multi-Chem, Sterling MultiChem
- Platforms
- Sterling Specialty Chemicals
- Industry
- Industrial Services
- Location
- Saudi Arabia
- Transaction Type
- Buyout
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