Boart Longyear LTD has acquired Westrod Engineering, a Western Australia-based manufacturer of reverse circulation (RC) rods, subs and swivels for minerals drilling. The acquisition expands Boart Longyear’s existing minerals exploration product offering, and complements the recent acquisition of KWL, a Perth-based RC and multi-purpose drill rig manufacturer.
The addition of
Westrod Engineering’s product line positions Boart Longyear as the only company
able to manufacture and distribute RC drill rigs and consumables, while also
offering contract RC drilling services on a global scale. The acquisition
increases Boart Longyear’s revenues by approximately $7 million.
“As part of our strategic growth plan, the Westrod Engineering
acquisition positions us to significantly increase our presence in RC
drilling,” says Craig Kipp, Boart Longyear president and COO. “We anticipate
increasing production output and have plans for global distribution of these
products as we continue the growth of our RC business.”
Boart Longyear Acquires Westrod Engineering
July 16, 2008