Greenberg Traurig Represents Praana Group in Acquisition of a Portion of Halliburton’s Multi-Chem Business

NEW YORK - May 11, 2026 - Global law firm Greenberg Traurig, LLP represented Praana Group, an India-based holding group that operates a diverse portfolio of companies primarily serving the industrial sector, in connection with its acquisition of a portion of Halliburton Company's (NYSE: HAL) Multi-Chem business, a recognized provider of oilfield chemical services and field application expertise.

Multi-Chem will operate as a Praana Group entity within the Sterling Specialty Chemicals platform, aligned with key priorities while ensuring continuity for employees and customers. The acquisition further strengthens Praana Group's global specialty chemicals platform and expands its energy-sector capabilities.

The acquisition brings together Sterling Specialty Chemicals' expertise in specialty chemical manufacturing, polymer technologies, and advanced surfactant systems with Multi-Chem's established field service capabilities and longstanding relationships across the global energy industry. Together, the organizations will enhance their ability to support oil and gas operators with high-performance chemical solutions and technical expertise across upstream, midstream, and downstream operations.

Praana Group is a diversified multinational business group with a global presence in specialty chemicals and advanced materials. Its portfolio includes Galata Chemicals, Artek Surfin Chemicals, Sterling Specialty Chemicals, and 3B Fibreglass. The group continues to expand its global capabilities through strategic acquisitions and investments across specialty chemicals and advanced materials, serving industries including construction, automotive, energy, textiles, and consumer sectors.

The multioffice Greenberg Traurig team was led by New York Corporate Shareholders Kalyan "Kal" Das and Adam S. Namoury, as well as New York Corporate Associates Dario Ciapponi and Hailey Burton Petrick.

Other team members included Shareholders August Huelle (New York, Tax), Cyril T. Brennan (Washington, D.C., International Trade), David Edington (Las Vegas, Real Estate), David M. Greenberg (New York, Intellectual Property & Technology), Giuliano Apadula (Philadelphia, Environmental), James Maynor (Northern Virginia, Tax), Jennifer A. Surprenant (New York, Litigation), Justin P. Hedge (Washington, D.C., Corporate), Keshia M. Tiemann (Atlanta, Labor & Employment), Khalid A. AI-Thebity (Riyadh, Corporate), Marwa Al-Siyabi (Riyadh, Corporate), and Whitney Bly Edwards, Ph.D. (Atlanta, Labor & Employment). The team also included Justin Allsop (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).

Read the Sterling Specialty Chemicals press release.