Dragon Products Completes the Acquisition of Nalco Champion’s FabTech business, a Leading Provider of Oilfield Production Equipment and Associated Services
Dragon Products, LLC (together with its affiliated companies, “Dragon Products Group“), a leading manufacturer of mission critical products serving the energy and industrial industries, has completed the acquisition of the assets of FabTech (“FabTech”) from Nalco Champion, a division of Ecolab. Terms of the transaction were not disclosed. The acquisition will expand Dragon’s leading design, engineering, and fabrication capabilities in its Production Equipment Services (“Dragon Products PES”) business in the Rocky Mountain and Bakken regions.
Wyoming-based FabTech custom designs, engineers, and fabricates oilfield production equipment and develops packages that meet the most demanding design and performance specifications. FabTech features engineered pump packages for upstream and midstream markets, engineered liquid measurement skids for upstream and downstream markets, and CO2 flooding systems for enhanced well recovery. FabTech is a leader in cold weather packaging for production equipment systems.
FabTech’s Casper, Wyoming facility will become Dragon’s sixth designated production equipment manufacturing facility in North America along with other sites in Texas, Oklahoma, and Utah. FabTech will add midstream pipeline transmission products to Dragon’s existing production equipment product portfolio.
“The FabTech team is known for its quality work in production equipment design and engineering, and Dragon has a long-standing reputation for building the toughest energy equipment in the market, so there is a mutual commitment to common goals,” said Willo Crenshaw, President of Dragon Products PES. “We are delighted to work with FabTech’s talented team to deliver quality equipment to our customers in the Rocky Mountain and Bakken regions.”
About Dragon Products
Dragon Products is a leading manufacturer of mission critical products serving the energy and industrial industries. Based in the United States, and family owned and operated for more than 50 years, the Dragon name is synonymous with “severe duty engineered” equipment for a broad range of applications including well servicing, bulk storage, liquid and solids hauling, and a variety of pumping and mud solutions. Their equipment portfolio includes tanks and trailers; roll off equipment; pumps and stimulation equipment; mobile workover rigs; and surface production equipment.