Buckman acquires CiDRA Chemical Management

Memphis, TN-based Buckman has acquired CiDRA Chemical Management Inc. (CCMI), a wholly-owned subsidiary of Wallingford, Connecticut-based CiDRA Holdings Inc. CiDRA creates tech-and-data driven measurement and management solutions for commercial markets such as mining, oil and gas and genetic laboratories.

As part of the transaction, Buckman will have a global, exclusive, and perpetual licence for a family of CCMI’s intellectual property, including patents for measuring entrained air in the paper, pulp, biorefining, bioprocessing and ethanol industries.

The technology is non-intrusive, provides real-time continuous data and requires no downtime to install. The data it provides enable manufacturers to reduce variability in certain aspects of their process resulting in more accurate data and better process control.

Buckman will also be able to offer these solutions non-exclusively to the oil and gas, automotive, metalworking and paint and coatings industries. Sales of the entrained air technology will begin with customers in North America with global sales to follow.

www.buckman.com www.cidra.com

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