Robbins & Myers

Robbins & Myers, Inc.
Company typesubsidiary
IndustryIndustrial Value Manufacturing
Headquarters
United States
ProductsOilfield equipment
ParentNOV Inc.
Websiterobn.com

Robbins & Myers, Inc. is a manufacturer of engineered equipment and systems in global energy and industrial markets. There are basically two segments operating in the company, namely Energy Services and Process and Flow Control. In February 2013, National Oilwell Varco, Inc. acquired Robbins & Myers Inc.[1]

Products

There are two segments in Robbins & Myers. The company's Energy Services division provides T-3, critical well drilling equipment parts for drilling operations (such as production, pipeline transmission ) of oil and gas.
The company's Process and Flow Control division provides glass-lined reactors and storage vessels, industrial progressing cavity pumps, valve controls and grinders, fluid-agitation equipment.[2]

Operations

In August 2012, Robbins & Myers, Inc. and National Oilwell Varco, Inc. agreed that National Oilwell Varco would acquire Robbins & Myers with about $2.5 billion in cash. In February 2013, the acquisition was completed after antitrust clearance.[3][4]

In 2001, the company purchased Romaco N. V. from Brian Fenwick-Smith, the company's founder.[5]

In 2011, the Company sold Romaco Businesses to a group of funds led by Deutsche Beteiligungs AG.[6]

References

  1. ^ "Company Description NYSE". New York Stock Exchange.
  2. ^ "Robinson PLC Description". Google Finance.
  3. ^ "Robbins & Myers and National Oilwell Varco Announce Merger Agreement at $60.00 per Share in Cash". PR Newswire (Press Release). 9 August 2012.
  4. ^ "NOV Takes Over Robbins & Myers". finance.yahoo.com. 22 February 2013.
  5. ^ "Robbins & Myers Completes Romaco Acquisition". PR Newswire (Press Release).
  6. ^ "Robbins & Myers Completes Sale of Romaco Businesses". PR Newswire (Press Release). 29 April 2011.