Key Takeaways
- Harvest Acquisitions announced the purchase of Matex Control Chemical from Richardson International Limited, marking the ag-led investment group's debut transaction.
- Matex Control Chemical manufactures environmentally safe drilling fluids and proprietary vegetable oil-based lubricants, serving the global drilling industry through its distribution network.
- Richardson International fully acquired Matex in 2021 and decided to sell the business as part of their long-term strategic alignment focus.
- Harvest Acquisitions is a private investment group formed by agricultural producers and agribusiness professionals, focused on acquiring profitable Canadian agribusinesses.
- The transaction positions Matex for continued growth under Harvest's dedicated ownership and agricultural industry expertise.
Harvest Acquisitions Announces Debut Transaction
Harvest Acquisitions announced on March 18, 2026, the purchase of Matex Control Chemical from Richardson International Limited, representing the investment group's first acquisition since formation. The Winnipeg-based transaction establishes Harvest Acquisitions as an active player in the Canadian agribusiness acquisition space.
The ag-led investment group, comprised of agricultural producers and agribusiness professionals, focuses on acquiring and owning established, profitable Canadian agribusinesses through aligned ownership structures. This acquisition strategy emphasizes supporting businesses with strong fundamentals through disciplined capital deployment.
Matex Control Chemical Operations
Matex Control Chemical specializes in manufacturing environmentally safe drilling fluids and proprietary vegetable oil-based lubricants. The company serves the drilling industry through a global distribution network, providing specialized products for industrial applications.
