Varco International Inc. has acquired the assets of Smith Fiberglass
Products, a division of A. O. Smith Corp. Smith Fiberglass Products
produces premium composite pipe and fittings for application in oil
and gas production, retail fuel distribution and chemical processing
markets. Composite pipe is used to handle highly corrosive fluids for
which conventional steel pipe is often unsuitable. Terms of the
transaction, which was structured as an asset purchase, were not
disclosed. Smith Fiberglass Products is headquartered in Little Rock,
Ark., with plants in Little Rock, Wichita, Kan. and Harbin, China.
The business employs about 400 worldwide.
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