Praana Group Completes Acquisition Of Multi-Chem
By Amit Chowdhry ● May 4, 2026
Praana Group has completed its acquisition of Multi-Chem, which will now operate as Sterling MultiChem within the company's Sterling Specialty Chemicals platform. The acquisition brings together Sterling Specialty Chemicals' expertise in specialty chemical manufacturing, polymer technologies, and advanced surfactant systems with Multi-Chem's field service capabilities, creating an expanded platform for supporting oil and gas operators with high-performance chemical solutions across upstream, midstream, and downstream operations. Multi-Chem has built a strong presence in oilfield chemicals through application-driven programs addressing drilling, completion, production, flow assurance, corrosion and scale management, water treatment, and process optimization. Financial terms were not disclosed.