HOUSTON, Nov. 27, 2014 /CNW/ - Packers Plus Energy
Services (USA) Inc., a wholly
owned subsidiary of Packers Plus Energy Services, Inc., the
innovator of open hole multi-stage completion systems, has acquired
Texas-based ReTek Energy Products,
LLC.
"The acquisition of ReTek expands our ability to deliver new
product offerings to market and aligns very well with our long-term
strategic plans," said Packers Plus President and CEO, Dan Themig. "Packers Plus is well
positioned to continue developing and perfecting game-changing
technologies that will improve our customer's production
results."
Operating out of Conroe, Texas,
ReTek Energy Products, LLC, specializes in the manufacturing of
mandrel wrapped products for the oil and gas industry, including
swellable packers. ReTek maintains state of the art
precision-controlled wrapping, vulcanizing and rubber cutting
equipment. With its current equipment profile, the facility can
produce products up to 24 inches in diameter and more than 40 feet
(12.1 meters) in length. It is currently capable of delivering more
than 1000 units per month. ReTek will be incorporated into the
Packers Plus US Manufacturing department and deliver product
globally.
About Packers Plus
Packers Plus is the innovator of open hole multi-stage fracture
stimulation systems and is an industry leader in designing and
manufacturing innovative solutions for a variety of completion
challenges. Packers Plus has run over 13,000 completion systems
accounting for over 170,000 fracture stages since the company
started operations in 2000.
Today, Packers Plus has employees in 37 offices in Canada, the United
States and across the globe. With international offices
servicing Africa, Asia, Europe,
the Middle East, Asia Pacific, and Latin America, Packers Plus has experience in
key markets throughout the world.
SOURCE Packers Plus Energy Services Inc.