Forum Energy Technologies Acquires Cooper Valves and Innovative Valve Components
January 09 2017 - 4:44PM
Business Wire
Forum Energy Technologies, Inc. (NYSE: FET) announced today that
it has acquired the assets of Cooper Valves and a 100% ownership
interest in Innovate Valve Components. Based in Stafford, Texas,
Cooper Valves manufactures Accuseal® metal seated ball valves
engineered to meet Class VI shut off standards for use in severe
service applications, as well as a full line of cast and forged
gate, globe, and check valves. Innovative Valve Components, in
partnership with Cooper Valves, commercialized critical service
valves and components for the power generation industry.
Prady Iyyanki, Forum’s President and Chief Operating Officer,
commented, “The Cooper Valves and Innovative Valve Components
acquisitions fit with our strategy of increasing our product
offering to midstream and downstream customers. Importantly, Cooper
complements our product offering with high specification,
engineered valves. The capabilities of Forum’s Valve Solutions
product offering and Cooper Valves are expected to benefit each
business as they are integrated. We welcome the Cooper employees to
Forum.”
Forum Energy Technologies is a global oilfield products
company, serving the drilling, subsea, completions, production and
infrastructure sectors of the oil and natural gas
industry. The Company’s products include highly engineered
capital equipment as well as products that are consumed in the
drilling, well construction, production and transportation of oil
and natural gas. Forum is headquartered in Houston,
TX with manufacturing and distribution facilities
strategically located around the globe. For more information,
please visit www.f-e-t.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170109006381/en/
Forum Energy Technologies, Inc.Investor ContactMark Traylor,
281.368.1108Vice President, Investor Relations and
Planningmark.traylor@f-e-t.comorMedia ContactDonna Smith,
281.949.2514Director, Marketing &
Communicationsdonna.smith@f-e-t.com
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