Dura-Bar Buys Lokey Metals
12 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.
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
POWER SOURCING GUIDE
The trusted reference and buyer’s guide for 83 years
The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.
Visit Now
CONNECT WITH THE TEAM
