Cameron Completes NATCO Acquisition
Thursday, December 10, 2009
Cameron has
reached an agreement with the Department of Justice that will allow the Company
to close on its previously announced acquisition of NATCO Group Inc.
Under the
agreement, Cameron will divest its Edge refinery desalter business and will license,
on a non-exclusive basis, NATCO’s DUAL FREQUENCY electrostatic technology for refinery
desalter products. The combined revenues of these businesses would have
represented less than two-hundredths of one percent of Cameron’s 2008 revenues.
Cameron
expects to close the acquisition as soon as practicable following the approval
by NATCO’s shareholders at a special meeting held on November 18. More…
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