Dura-Bar Buys Lokey Metals

By Mike Osenga12 September 2017

Charter Dura-Bar has acquired the iron distribution business of Lokey Metals, Fort Worth, Texas which now becomes the fourth branch of the Dura-Bar Metal Services business.  Dura-Bar said the acquisition strengthens its ability to serve the oil and gas and fluid power industries in the American oilfield services industry and in the American Southwest.  Terms of the acquisition were not announced.

“This strategic acquisition allows us the strengthen our product development initiatives and specification relationships with original equipment manufacturers while continuing to grow the Dura-Bar business in the heart of the American oilfield services industry and in the American Southwest,” said Pete Murray, president of Charter Dura-Bar.

Charter Dura-Bar said it will maintain the Lokey Metals brand name and continue operate the Ft. Worth facility.

Delivered directly to your inbox, Diesel News Network newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Alister Williams VP Sales Tel: +1 843 637 4127 E-mail: alister.williams@khl.com
Latest News
Deutz and ASKO partnership to include engine plans
Cooperation to help Deutz boost service business 
Regulator approves Hyundai deal for Doosan Infracore
South Korean regulator gives green light to deal for Hyundai Heavy Industries Holdings to buy Doosan Infracore
Air Products, Cummins in MOU on fuel cell trucks
Transition of Air Products tractor fleet to zero emissions to start with demonstration program