Drilling Technology News
Ulterra joins ESCO Corporation
August 31, 2012
ESCO Corporation, a leading designer and manufacturer of highly engineered wear products for the mining, infrastructure, power generation, aerospace and industrial industries, today announced that it has completed the previously announced acquisition of all the outstanding equity interests of Ulterra Drilling Technologies, L.P. for $325 million in cash.
Expansion into the Gulf Coast and Gulf of Mexico
Ulterra has opened a new stock point in Hammond, LA. The new center is strategically located just 46 miles east of Baton Rouge and 58 miles north west of New Orleans and will support drilling activity in Mississippi, Alabama, South Louisiana and Gulf of Mexico.