Advanced Lubricant and Coatings Solutions
VINMAR INTERNATIONAL ACQUIRES NANOMECH
VinTech Nano Materials, an affiliate of Vinmar International, Ltd. a Houston-based company, has acquired all the operational assets of nanotechnology manufacturer NanoMech, Inc.. With this acquisition, Vinmar continues to implement its technology portfolio growth strategy. It also marks Vinmar’s further entry into the oil and gas sector, an important step in expanding the company’s product and market segment diversification.
VinTech Nano Materials is a nanotechnology manufacturer of specialty lubricants, chemicals, protective coatings and cutting tools. The patented multi-functional products improve material performance and maximize customer productivity and profit with safe, competitively priced, nano-engineered solutions. For their oil field, transportation and industrial customers, the products provide superior longevity through reduced downtime, improved asset protection, broader operating performance and increased efficiency versus other standard technologies.
Rustom Mody has been appointed CEO of the VinTech Nano Materials, starting August 1st, 2019. Mr. Mody has more than 40 years of experience in oil and gas drilling, completion and production, including 32 years with Baker Hughes a GE company in various executive positions in technology. He is a recipient of lifetime achievement awards from Baker Hughes and World Oil Magazine, and is a Distinguished Member of the Society of Petroleum Engineers. He holds a master’s degree in mechanical engineering and an MBA in finance.
“The former employees of NanoMech are proud and excited to be part of the Vinmar family. They look forward to the benefits from combining Vinmar’s longstanding reputation for stability and strategic commitment with the strong technology platform of the NanoMech assets. The combined Company brings tremendous benefits to their stakeholders, and the various industries they serve,” said Mody.
Vinmar is a global marketing, distribution and project development company headquartered in Houston, Texas, that brings value to the world’s leading producers and users of petrochemicals through tailored business solutions. Vinmar is able to fulfill its customer’s specific requirements while providing products from global sources with efficient supply chain execution and creative financial solutions. With 50 offices in 36 countries, Vinmar conducts business in over 100 countries with a strict adherence to compliance the laws of the United States and the countries where it operates.