Champion Technologies seeks $2 bln in sale - Bloomberg

Fri Oct 12, 2012 1:31am EDT

Oct 12 (Reuters) - Privately-held Champion Technologies Inc, which makes oilfield specialty chemicals, is seeking a sale that could value the company at about $2 billion, Bloomberg reported, citing people with knowledge of the matter.

Champion Technologies, which competes with Schlumberger NV , Halliburton Co and Baker Hughes Inc, may strike a deal with a larger competitor, the agency said.

The company could not immediately be reached for comment by Reuters outside regular U.S. business hours.