Wilson and Wellstream Enter Agreement for Exclusive U.S. Distribution Rights of FlexSteelTM
July 22 2009 - 12:22PM
Business Wire
Wilson International, A Business Unit of Smith International,
Inc. (NYSE:SII), and Wellstream International (LSE:WSM) are
announcing that they have agreed to an exclusive U.S.
distributorship of the FlexSteelTM product. Effective immediately,
Wilson will be the exclusive and sole distributor of FlexSteel� in
the United States.
Timm Bohnert, Wilson�s Director of Line Pipe, commented, �The
FlexSteel� product is an excellent complement to Wilson�s line pipe
offerings. This revolutionary spoolable piping system will provide
Wilson�s customers with a product that combines the transportation
and installation advantages of flexible pipe with the strength of
steel and the corrosion resistance and flow assurance of polymer
liner and outer shield. Wilson is committed to providing cost
savings to our customers by partnering with innovative companies
such as Wellstream,� says Bohnert.
�Wilson�s expansive sales and operating network and their
experience in the piping market is the right vehicle for Wellstream
to thoroughly engage the upstream and midstream pipeline markets,�
said Jeff Shorter, VP and President of FlexSteel� for
Wellstream.
Wilson is an industry-leading provider of pipe, valves,
fittings, mill and tool supplies, safety products, coatings, and
artificial lift systems to the energy and industrial markets. For
more information, visit www.iwilson.com.
Smith International, Inc. is a leading supplier of premium
products and services to the oil and gas exploration and production
industry. The Company employs approximately 22,000 full-time
personnel and operates in over 80 countries around the world.
Wellstream Holdings PLC, is a leading designer and manufacturer
of bespoke flexible pipeline products, systems and solutions for
the oil and gas industry. Its pipeline portfolio includes
established product lines such as dynamic flexible risers and
static flowlines, for deep and ultra-deepwater environments, in
addition to newer products designed for onshore (FlexSteel�) and
high temperature/high pressure products for drilling and service
applications. With over 1,000 employees internationally, Wellstream
has offices/facilities in the UK, USA, Canada, Brazil and
Australia. Further information regarding Wellstream, its products
and services can be accessed at www.wellstream.com.
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