trending Market Intelligence /marketintelligence/en/news-insights/trending/xm-nzurQkJlPLQrrW_rDLw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Essentra sells Pipe Protection Technologies business to National Oilwell Varco

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Essentra sells Pipe Protection Technologies business to National Oilwell Varco

Essentra PLC announced Jan. 14 that it closed the sale of its Pipe Protection Technologies business to unnamed wholly owned subsidiaries of National Oilwell Varco Inc. for US$48 million.

The business formed part of the company's specialist components division and had gross assets of £41.8 million as of June 30, 2018.

Essentra said it will use the proceeds from the deal to strengthen its balance sheet.

U.K.-headquartered Essentra manufactures and sells specialist plastic, fiber, foam and packaging products worldwide. National Oilwell Varco is a Houston-based oilfield services company.