HOUSTON--(BUSINESS WIRE)--Aug. 3, 2015--
NOW Inc. (NYSE:DNOW) announced today the closing of its previously
announced acquisition of Odessa Pumps and Equipment, Inc. Odessa Pumps
and Equipment is a leading distributor of pumps and equipment for the
Oil & Gas and Municipal and Wastewater markets.
Robert Workman, President and CEO of NOW Inc., stated, “We are happy to
welcome Odessa Pump’s employees to the DistributionNOW family and look
forward to continuing the excellent service and products DistributionNOW
and Odessa Pumps have to offer our customers.”
NOW Inc. is one of the largest distributors to energy and industrial
markets on a worldwide basis, with a legacy of over 150 years. NOW
operates primarily under the DistributionNOW and Wilson Export brands.
Through its network of over 330 locations and approximately 5,000
employees worldwide, NOW offers a comprehensive line of products and
solutions for the upstream, midstream and downstream energy and
industrial sectors. NOW's locations provide products and solutions to
exploration and production companies, energy transportation companies,
refineries, chemical companies, utilities, manufacturers and engineering
and construction companies.
Statements made in this press release that are forward-looking in nature
are intended to be "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934 and may involve risks
and uncertainties. These statements may differ materially from actual
future events or results. Readers are referred to documents filed by NOW
Inc. with the Securities and Exchange Commission, including the Form
10-K, which identify significant risk factors which could cause actual
results to differ from those contained in the forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150803005162/en/
Source: NOW Inc.
Michelle Lewis, 713-469-1534