Simrit Staking More Claim In Oil & Gas

Wed, 12/03/2008 - 6:37am
Simrit Oil & Gas, a wholly owned subsidiary of Freudenberg-NOK General Partnership, recently acquired the assets of Petroleum Elastomers, a specialized custom-sealing components manufacturer based in Houston, aimed specially at the oil and gas industry. Terms of the agreement were not disclosed. With the ability to mold a range of elastomeric products, according to Petroleum Elastomers, the company is particularly well regarded in the oil patch for its blowout preventer seals, which can operate in extreme conditions, such as snubbing and H2S service. Some of its other products include strippers, bonnet seals, top seals, and seal kits for the oil and gas industry. “The addition of Petroleum Elastomers to Simrit and the Freudenberg-NOK family of companies exemplifies our commitment to grow in the oil and gas industry,” mentions Oil and Gas Vice President of Freudenberg-NOK’s Simrit Division Brian Jones. “The company’s products greatly expand our coverage in the oil well pressure control segment, and its workforce brings years of experience to the oil and gas team,” he continues. “Likewise, current Petroleum Elastomers customers will now have access to the full array of products we produce in our U.S., Canada, Norway and Scotland locations.” All key personnel will remain with Petroleum Elastomers, including Mike Ward, who will become technology manager, and Mike Viator, who will become lead center manager. “We look forward to the growth opportunities that result from being associated with a global organization,” says Ward. “The product synergies, coupled with the capabilities of Simrits 55,000-square-foot technology center in Plymouth, MI, open many areas of the market we have not yet explored.”

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