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Forum Energy Technologies Inc To Acquire Wireline Solutions, LLC

Thursday, 25 Oct 2012 11:33pm EDT 

Forum Energy Technologies Inc announced that it has entered into a definitive agreement to acquire Wireline Solutions, LLC (Wireline Solutions). Located in Sanger, TX, Wireline Solutions is a manufacturer of high quality downhole completion tools, including composite plugs used for plug, perforate and fracture applications and wireline flow control products used in the oil and gas industry. The Company markets composite plugs under the name of ProDrill. The closing of the acquisition is expected to occur on or about November 1, 2012. Terms of the transaction were not disclosed. 

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