New York – Dec. 8, 2025 – Global law firm Greenberg Traurig, LLP is representing Praana Group, an India-based holding group that operates a diverse portfolio of companies primarily serving the industrial sector in the fields of specialty chemicals (Sterling Specialty Chemicals, Galata Chemicals, Artek Surfin Chemicals) and glass fiber and composite materials (3B Fibreglass) (“Praana”), on the signing of a definitive purchase agreement for the acquisition of a portion of Halliburton Company’s (NYSE: HAL) (“Halliburton”) (Multi-Chem business.)
The Multi-Chem business brings a strong heritage of delivering value to customers through services and high-performance specialty chemicals across completion, production, midstream, and downstream applications, with capabilities spanning stimulation chemicals, production chemicals, and advanced water-treatment formulations. The business operates a diversified footprint, featuring five advanced chemical facilities across the U.S. and the Middle East — including the state-of-the-art Desert Rose plant in Jubail, Saudi Arabia — as well as ten U.S. field locations and key sites such as Geismar, Bayport, Sonora, and the Houston R&D center. These assets are expected to significantly enhance Praana’s manufacturing, R&D, and service capabilities, enabling it to accelerate its growth beyond traditional oil and gas markets and deliver innovative, high quality chemical solutions to global customers.
The transaction is subject to regulatory approval and other customary closing conditions.
GT is also representing Praana in connection with its previously announced acquisition of Owens Corning’s (NYSE: OC) glass reinforcements business at an enterprise value of $755 million, which is expected to close in Q1 2026 (https://www.gtlaw.com/en/news/2025/02/press-releases/greenberg-traurig-represents-praana-group-in-deal-to-acquire-owens-cornings-glass-reinforcements-business).
GT Team: The multioffice GT team was led by Kalyan "Kal" Das (Shareholder, New York, Corporate), Adam S. Namoury (Shareholder, New York, Corporate), Dario Ciapponi (Associate, New York, Corporate), and Hailey Burton Petrick (Associate, New York, Corporate).
Other GT team members included August Huelle (Shareholder, New York, Tax), Cyril T. Brennan (Shareholder, Washington, D.C., International Trade), David Edington (Shareholder, Las Vegas, Real Estate), David M. Greenberg (Shareholder, New York, Intellectual Property & Technology), Giuliano Apadula (Shareholder, Philadelphia, Environmental), James Maynor (Shareholder, Northern Virginia, Tax), Justin P. Hedge (Shareholder, Washington, D.C., Corporate), Keshia M. Tiemann (Shareholder, Atlanta, Labor & Employment), Khalid A. AI-Thebity (Shareholder, Riyadh, Corporate), Marwa Al-Siyabi (Shareholder, Riyadh, Corporate), Whitney Bly Edwards, Ph.D. (Of Counsel, Atlanta, Labor & Employment), Whitney Welch-Kirmse (Of Counsel, Las Vegas, Real Estate), Eunice J. Park (Associate, New York, Corporate), Julie P. Dostal (Associate, Philadelphia, Environmental), Melissa T. Gaglia (Associate, New York, Tax), Sukhdeep S. Gill (Associate, Philadelphia, Intellectual Property & Technology), Anayo Umeh (Law Clerk, New York, Corporate), and Lama Al Mogren (Law Clerk, Riyadh, Corporate).