Search

USA: Oilfield Equipment Ecolab Announces Sale of Oilfield Equipment Fabrication Unit

| Editor: Alexander Stark

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.

Related Companies

Ecolab announced the sale of its Oilfield Equipment Fabrication Unit
Ecolab announced the sale of its Oilfield Equipment Fabrication Unit
(Source: Creative Commons/Pixabay / CC0 )

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.

(ID:45127468)