Clock Spring Establishes Industry Stronghold with the Acquisition of Citadel Technologies
Combined offering provides comprehensive suite of composite repair solutions
HOUSTON, Feb. 1, 2018 /PRNewswire/ -- Clock Spring Company, Inc. (Clock Spring), the world's leading manufacturer of permanent and temporary composite pipeline and pipe work repair solutions, today announced the acquisition of Citadel Technologies (Citadel) of Tulsa, OK, a prominent manufacturer of engineered, carbon-fiber composite repairs for 20 years.
"Clock Spring has tremendous respect for Citadel and its team," says Clock Spring CEO and President Matt Boucher. "Aligning our strengths and combining our complementary product lines enables us to offer customers the industry's most complete and comprehensive suite of composite repair solutions and expands our mutual capability to address asset integrity issues for transmission pipelines and high-consequence process piping."
Citadel President and CEO Roger Walker agrees. "The similar approach our companies take to developing engineered solutions to complex integrity issues ensures safety for field workers and quality outcomes for asset owners. The emphasis we each place on controlling fabrication variables and eliminating safety risks places us on the same footing for continued development of sustainable composite solutions."
Citadel's market-leading carbon fiber solutions, including DiamondWrap® products for high-consequence, process piping deliver repairs in the oil and gas industry's most exacting environments. These products, in combination with Clock Spring's established suite of midstream products. produces an offering supported by a new company that is even stronger and more capable than the sum of its parts.
"Uniting Clock Spring and Citadel and creating the industry's most comprehensive suite of composite repair options enables us to focus on advanced research and development and solving greater and more complex customer asset integrity problems," Boucher says.
"I am excited about the possibilities that this union creates and look forward to pursuing joint research and development efforts that will allow us to continue to introduce the safe and reliable solutions the industry needs," says Walker.
About Clock Spring
Clock Spring helps drive global economies by ensuring critical infrastructure is managed safely and sustainably. The company's composite pipeline repair products have been deployed in 75 countries and are easy to install, cost effective to deploy, and durable for decades. Clock Spring solutions also include Snap Wrap, Pipe Support, Contour, Contour WA, Crack Arrestor and Casing Spacer, as well as training services. www.clockspring.com.
Media Contact
Judy Murray
713-419-1552
[email protected]
SOURCE Clock Spring Company, Inc.
Share this article