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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: HH who wrote (18605)4/9/1998 12:43:00 PM
From: RGinPG  Read Replies (1) | Respond to of 95453
 
HOUSTON, April 8 (Reuters) - Smith International Inc. said
Wednesday it has acquired Milcor Oil Tools Inc. effective April
8, 1998.
Milcor Oil Tools is a production packer manufacturer and
service company headquartered in Tyler, Texas.
Milcor Oil Tools will become part of the Smith Drilling &
Completions business unit, Smith International said in a
statement.
No terms were disclosed.
Smith said it expects the acquisition to have an immediate
positive impact on earnings and cash flow. Smith
International supplies premium products and services to the oil
and gas exploration and production industry.
((-- New York Newsdesk 212 859-1610, Fax 212 859-1717))
REUTERS
Copyright REUTER 17:11 04-08-98