Weir Group Acquires Seaboard Holdings Inc. for $675 Million
Tuesday, November 29, 2011
The Weir Group PLC has agreed to acquire Seaboard Holdings
Inc, an independent wellhead solutions provider focused on the growing North
American unconventional oil and gas drilling and production markets for $675 million.
Based in Houston, Seaboard manufactures engineered wellhead
and pressure control equipment to the oil and natural gas exploration and
production industries. Seaboard also provides a range of associated field and
support services, including equipment rental into the onshore oil and gas
drilling, completion and production markets. More...