USA: Oilfield Equipment Ecolab Announces Sale of Oilfield Equipment Fabrication Unit
Ecolab announced the sale of its Fab-Tech business unit to Dragon Products. The Fab-Tech business is a part of the company's Global Energy segment based in Casper, Wyoming that performs custom design, engineering and fabrication of oilfield equipment.
St. Paul/USA — Deric Bryant, executive vice president in Ecolab’s Global Energy upstream segment, said that Dragon provided a strategic fit with Fab-Tech. The purchaser is a manufacturer of mission critical products serving the energy industry, based in Beaumont, Texas. Fab-Tech sales were approximately $ 20 million in 2017. No further details were disclosed.