What is Foamtech?
Foamtech, Inc., established in 1995, is a family-owned enterprise specializing in the custom blending of oilfield production chemicals, water treatment chemicals, and industrial cleaners and degreasers. Operating from Woodward, Oklahoma, the company extends its services to clients within a 200-mile radius, encompassing key regions in Oklahoma and Texas. Foamtech's core mission is to enhance oil and gas production efficiency and profitability for its clientele through targeted chemical applications. Their comprehensive product portfolio includes essential solutions such as foamers, corrosion inhibitors, emulsion breakers, and versatile combination products specifically designed for the demanding oilfield industry.
How much funding has Foamtech raised?
Foamtech has raised a total of $850K across 2 funding rounds:
Debt
$350K
Debt
$500K
Debt (2020): $350K with participation from PPP
Debt (2021): $500K led by PPP
Key Investors in Foamtech
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Foamtech?
The recent major strategic investment signals a pivotal moment for Foamtech, likely enabling expansion of its operational capacity, enhancement of its product development pipeline, or broader market penetration. As an established player in the oilfield chemical sector, this capital infusion is expected to fortify its competitive position and support its ongoing commitment to providing tailored solutions that drive client profitability. The company's focus on custom blending and its deep understanding of the oil and gas production lifecycle position it for continued growth and innovation.
See full Foamtech company page
