Hyduke acquires BC structural steel manufacturer Avalanche Metal
Kelowna-base company produces equipment for the oilfield and forestry sectors.
NISKU, Alta. — Hyduke Energy Services Inc. has acquired Kelowna, BC-based structural steel manufacturer Avalanche Metal Industries Ltd., which produces production tanks, steps and ladders for production tanks and other equipment for the oilfield and forestry industries.
Financial details of the share purchase agreement have not been released.
Hyduke said the acquisition will support its expansion into new markets, including expansion beyond the fabrication of drilling and well-servicing rigs and oilfield services equipment into equipment for drilling, completion, production and maintenance of upstream oil, natural gas and natural gas liquids.