Simrit Oil & Gas buys Petroleum Elastomers in US

ERJ staff report (DS)

Plymouth, Michigan -- Simrit Oil & Gas, LLC (Simrit), a wholly-owned subsidiary of Freudenberg-NOK General Partnership (Freudenberg-NOK), has bought the assets of Petroleum Elastomers of Houston, a manufacturer of specialised custom sealing components for the oil and gas industry. Terms of the agreement were not disclosed.

Petroleum Elastomers moulds a wide range of elastomeric products but is widely known for its blow out preventer (BOP) ram packers and spherical packing elements. The company is well known in the oil business for its BOP products operating in extreme conditions, such as snubbing and H₂S service, and offers replacement seals for most popular BOPs. Other products include strippers, bonnet seals, top seals and seal kits for the oil and gas industry.

Simrit said all key personnel will remain with Petroleum Elastomers, including Mike Ward, who becomes technology manager and Mike Viator, who will become lead center manager.

"The addition of Petroleum Elastomers to Simrit and the Freudenberg-NOK family of companies exemplifies our commitment to grow in the oil and gas industry," said Brian Jones, vice president -- Oil and Gas of Freudenberg-NOK's Simrit Division. "The company's products greatly expand our coverage in the oilwell pressure control segment and its workforce brings years of experience to the Oil and Gas team. Likewise, current Petroleum Elastomers customers will now have access to the full array of products we produce in our U.S., Canada, Norway and Scotland locations."

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Press release from Simrit