March 18, 2026 (Winnipeg, MB) – Richardson International Limited (“Richardson”) announced the completion of its sale of Matex Control Chemical (“Matex”) to Harvest Acquisitions, a private investment group focused on acquiring and owning agri-food and agri-businesses in Canada.
Richardson was a minority shareholder in Control Chemical (1989) Corporation (“Matex”) for more than 30 years and fully acquired the business in 2021. Matex manufactures environmentally safe drilling fluids and proprietary vegetable oil-based lubricants and is supported by a global distribution network. Serving the drilling industry, Matex operates outside Richardson’s core farm-to-table value chain. This sale reflects Richardson’s focus on long-term strategic alignment, while positioning Matex for continued success and stability under new ownership.
“We saw an opportunity to transition Matex to an ownership group that is well positioned to support the business into the future,” says Darrell Sobkow, Executive Vice-President, Processing, Food & Ingredients at Richardson International. “Matex has built a strong reputation in its market, and we’re confident it will be in great hands. We thank Matex employees for their dedication throughout this process, and we are committed to working closely with the new owners to support a smooth transition.”
