Packers Plus acquires Texas-based ReTek Energy Products
Will be incorporated into Packers' US manufacturing department and deliver product globally.
HOUSTON — Packers Plus Energy Services (USA) Inc., a wholly owned subsidiary of Packers Plus Energy Services, Inc., has acquired Texas-based ReTek Energy Products, LLC.
Financial details of the transaction have not been disclosed.
ReTek Energy Products, based in Conroe, Texas, manufacturers mandrel wrapped products for the oil and gas industry, including swellable packers. It 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 in length. It is currently capable of delivering more than 1000 units per month.
Packers Plus said ReTek will be incorporated into its US manufacturing department and deliver product globally.
Headquartered in Calgary, Packers Plus is an oil and gas services company that has run over 13,000 completion systems accounting for over 170,000 fracture stages since being founded in 2000.