LongRange Capital has agreed to acquire US Synthetic from ChampionX Corporation.
The sale of US Synthetic is expected to close following the completion of Schlumberger’s acquisition of ChampionX.
US Synthetic specializes in manufacturing polycrystalline diamond (PCD) cutters used in the oil and gas industry.
LongRange Capital will support US Synthetic in delivering innovative PCD solutions and expanding into new applications for synthetic diamond technology.