Packers Plus Expands Product Offering with Acquisition of Texas-based ReTek Energy Products Ltd.
Nov 27, 2014, 01:38 ET
HOUSTON, Nov. 27, 2014 /PRNewswire/ - 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.
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