June 23, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — ESP Resources, Inc. (OTCBB: ESPI) has closed the purchase of certain assets and liabilities of Turf Chemistry, Inc. with the issuance of two million shares of ESP Resources stock to the owners of Turf on June 16.

Texas-based Turf Chemistry is a manufacturer and distributor of market specialty chemicals for the oil and gas industry in the Southwest and southern regions of Texas.

The company supplies production chemicals, drilling chemicals, waste remediation chemicals, cleaners, and waste treatment chemicals for various oil field applications.

Turf’s product line includes surfactants, well completion and work-over chemicals, bactericides, scale inhibitors, antifoams, paraffin inhibitors and water clarifiers.

David Dugas, president of ESP Resources, said, "With the Turf acquisition, the combined companies operational footprint for coverage, support and delivery of chemical products finished goods has more than doubled."

He added that ESP plans an “aggressive” expansion into areas currently serviced by Turf Chemistry for the remainder of 2010 and 2011.

Louisiana-based ESP Resources is a petrochemical company that, through its wholly owned subsidiary, ESP Petrochemicals, is a manufacturer, blender, distributor, and marketer of specialty chemicals and analytical services to the oil and gas industry.

ESP supplies retail and wholesale specialty chemicals for a variety of oil field applications including production, drilling, waste remediation, cleaning, and waste water treatment.

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